RFR inks new and expanded leases comprising of 26,581 s/f at 475 Fifth Ave. office building
Manhattan, NY RFR has added two tenants to the roster and two existing tenants will double their footprints at the 475 Fifth Ave. office building located at Fifth Ave. and 41st St. in the Bryant Park submarket.
Harkness Capital Partners, a private equity investment firm focused on lower middle market businesses, has signed on to a seven-year, 8,013 s/f full-floor, pre-built suite at the 24-story tower. Jellycat, known for its popular branded toys, gifts and accessories, committed to a five-year, 4,319 s/f pre-built space while software developer Eoch Group will take the full-floor, 4,142 s/f suite on the top floor at 475 Fifth. Additionally, financial services holding company United Atlantic Capital doubled its footprint, extended its term by nine years, and will move into a 10,107 s/f space.
RFR was represented in house by AJ Camhi, Paul Milunec and Rob Weller on the transactions.
“These pre-built spaces are ideal for tenants seeking workspaces with distinctive architectural elements combined with permanently protected views of Bryant Park and Fifth Ave.,” said Camhi of RFR.
“The stunning pre-built suites at 475 Fifth have proven to be incredibly popular,” said Camhi of RFR. “Most of these suites, including three of these recent commitments, have been snapped up even before completion leaving only two pre-built options, one with an expansive private terrace, remaining. The pre-built program is really paying dividends and we’re always excited to welcome new firms to the building while accommodating changing space needs for existing tenants.”
As a complement to the sought-after location, RFR launched a design-forward, high-end pre-built program at 475 Fifth last year. The program comprises 31,398 s/f of well-appointed office space across five suites, some featuring private terraces overlooking the New York Public Library and Bryant Park. RFR is building out turn-key spaces featuring warm custom finishes and high-end pantry and collaboration spaces..
Harkness Capital Partners, currently a subtenant occupying 4,000 s/f at 475 Fifth, will double its footprint moving to an 8,013 s/f pre-built suite. Brent Ozarowski and Kevin Sullivan of Newmark represented the tenant.
With U.S. operations headquartered in Minneapolis, MN, Jellycat committed to a pre-built suite comprising 4,319 s/f. Daniel Lolai and Eric Siegel of LSL Advisors represented the tenant.
Eoch Software, a firm that develops proprietary tools for utilities and water supply facilities, committed to a 4,142 s/f suite on the top floor of the building featuring 18.5’ ceilings. Michael Thomas and Aidan Campbell of Colliers represented Eoch Software.
United Atlantic Capital signed a new lease to more than double its commitment at 475 Fifth and will occupy a total of 10,107 s/f on a full floor.
Following these transactions, occupancy at 475 Fifth has climbed to 92%. The tenants join a robust roster which includes Rolling Stone and Variety publisher Penske Media, engineering, architecture and consulting firm Stantec, and hedge fund Ionic Capital Management.
475 Fifth Ave. offers six activated outdoor terraces, a newly renovated statement lobby designed by Swanke Hayden Connell, a curated public art program, and a detailed façade restored to its original turn-of-the-century elegance.
Located at the corner of Fifth avenue and Bryant Park, the building has protected views of the New York Public Library and Bryant Park and offers convenient access to key transit nodes. 475 Fifth is an architecturally significant pre-war building. The central location in the heart of the transit triangle provides convenient access to Port Authority Bus Terminal, Grand Central Terminal and Penn Station offering tenants a one-seat commute. The building was completed in 1926 as one of only five Fifth Ave. assets with Bryant Park exposure.