Skyline Developers signs two new leases - 7,031 s/f

According to Skyline Developers, owners of 20 West 55th St., two new leases totaling 7,031 s/f have been signed at the property. Since welcoming LVMH Moët Hennessy Louis Vuitton, The Ottinger Law Firm, PC and BGS, LLC, have joined the roster of tenants at the tower, bringing the building's occupancy to 92%. Ottinger has signed a five-year office lease for 3,314 s/f. Lauren Davidson represented the tenant, while William Cohen and Ryan Kass represented landlord, all are from Newmark Grubb Knight Frank (NGKF). BGS signed an office lease for 3,717 s/f on the second floor of the tower. Cohen and Kass of NGKF represented the landlord, while Scott Bogetti of CBRE represented the tenant. "With the addition of Ottinger Law Firm and BGS to the Tower, we are very close to full occupancy," said Orin Wilf, president of Skyline Developers. "Having two such diverse companies lease at 20 West 55th St. proves that this building has the sophistication and amenities needed to successfully run any business." "The location of 20 West 55th St.is optimal for Ottinger Law Firm and BGS because of its close proximity to Sixth Avenue's corporate row and being in the heart of the bustling Plaza District," said Kass, senior managing director of NGKF, who notes that only two spaces remain available in the building. Still available for lease at The Tower is the entire seventh floor, totaling 5,944 s/f, with an asking price of $55 per s/f. The 4,462 s/f set-back penthouse is available for $65 per s/f. Both spaces feature large, private terraces and cityscape views. About Skyline Developers Skyline Developers LLC is a New York City based real estate development and management company with residential and commercial properties throughout Manhattan. Owned and managed by the Wilf family for over 58 years, the company has developed unique properties like 170 East End Avenue, the striking residential condominium opposite Gracie Mansion on the Upper East Side, Léman Manhattan Preparatory School, the first private school in the Wall Street area, 280 Park Avenue South and brought Tiffany & Company to its 37 Wall Street location, which it converted into a luxury, modern rental property. The company also owns and operates luxury rental properties including 37 Wall Street, Post Towers at 75 West Street and 194 East 2nd Street. Skyline Developers is a division of Garden Homes Development, a private, family-owned and operated company founded in 1954 when it began constructing single-family homes in New Jersey. Today, Garden Homes is one of the largest builders of residential and commercial real estate in the country. It owns and operates more than 50,000 apartment units and more than 25 million square feet of retail centers, office buildings including 1040 Avenue of the Americas and hotels.