News: Brokerage

Newman and Zaccagnino of Malkin Properties negotiate 4,818 s/f lease expansion at Ten Bank Street

Fifth Street Capital and its investment advisory, fund management and administrative affiliates have expanded their headquarters on the 12th floor at Ten Bank St., according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building. Fifth Street Capital, which relocated to Ten Bank St. in August of 2009, has added 4,818 s/f to its occupancy, raising its total space size to 18,286 s/f. "This has been a remarkable period of growth for Fifth Street," said Stacey Horne, the firm's executive director of investor relations. "Our presence in this distinguished, well located and very well run building has been of great benefit to our employees as well as our brand. The expansion will give us the ability to add talent to our team and continue to meet our growth objectives." "It's always a pleasure to accommodate a tenant's desire to grow within one of our trophy buildings," said Newman. "We take pride in providing all the top amenities and the careful attention to detail that every tenant should expect from the Malkin Properties brand." Malkin Construction will build out the space for the new tenant. Newman and senior leasing associate Kimberly Zaccagnino represented the landlord. The tenant represented itself.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of