The Feil Organization signs four leases totaling 19,024 s/f at 261 Fifth Avenue
Manhattan, NY The Feil Organization has signed four leases totaling 19,024 s/f with a variety of tenants at 261 Fifth Ave., an unparalleled office building in the NoMad submarket. Biologique Recherche USA (B.R. USA) renewed its lease and expanded its footprint by 70%, while several new tenants, including Grasshopper Bancorp, Inc., Fleurish NYC and Bold PR LLC, were welcomed to the building.
The four leases include:
• B.R. USA, a cosmetological and skincare company, expanded its lease by 70%, now occupying a 6,290 s/f prebuilt space. The tenant was represented by Barry Zeller of Cushman & Wakefield, Inc and Feil was represented in-house by David Turino.
• Bold PR LLC, a public relations and branding firm, also leased a prebuilt unit, totaling 6,195 s/f of space. The tenant was represented by Greg Wang of Jones Lang LaSalle and Feil was represented in-house by Turino.
• Grasshopper Bancorp, Inc. a business digital banking firm, has leased a prebuilt unit encompassing 3,429 s/f of space. The tenant was represented by Dylan Weissman of Newmark and Feil was represented by Tim Parlante.
• Fleurish NYC, an event planning firm, has leased a prebuilt unit with 3,110 s/f of space. The tenant was represented by JMC Management and Feil was represented by Parlante.
“261 Fifth Ave’s leasing momentum is further proof that its prime location along the 23rd-30th St. corridor and recent $20 million investment in upgrades and renovation is attracting tenants seeking premier office space,“ said Andrew Wiener, head of commercial office leasing at the Feil Organization. “Feedback on the prebuilt program has been tremendous, as evidenced by these leases. We are thrilled to welcome Bold PR LLC, Grasshopper Bancorp, Inc., and Fleurish NYC to the building, and to have the opportunity to accommodate the expansion of B.R. USA.”
261 Fifth Avenue is a 25-story, 450,000 s/f office building built in 1928. Feil acquired the asset in 2005 and recently invested $20 million into building renovations and updates which include brand-new retail storefronts, lobby renovation, elevator modernization and new windows alongside updated common corridors and bathrooms. The fully-renovated 10th floor of 261 Fifth Ave. has been transformed into a marketing suite. The 19,326 s/f office space features exposed columns, high ceilings and plenty of natural light.
261 Fifth Ave. has three recently completed prebuilt suites ranging in size from 2,439 to 4,705 s/f.