The Feil Organization signs full-floor lease totaling 13,000 s/f at 257 Park Ave. South

Manhattan, NY The Feil Organization, a premier national real estate investment firm, has signed Argentic Investment Management LLC (Argentic) to a long-term, 13,000 s/f lease at 257 Park Ave. South, also known as the Gramercy Park Building. The financial services firm will occupy the entire 20^th floor, bringing the 238,000 s/f property to 97% leased. 

Argentic’s new space offers a distinctive top-floor experience, with 17-ft ceiling heights and reduced column spacing, allowing for a more open and efficient layout. This transaction follows Lippe Taylor’s (now Prompt) 13,000 s/f full-floor lease on the 19^th floor in December and marks the fifth full-floor transaction at 257 Park Avenue South in the past 12 months.

“Welcoming Argentic to 257 Park Ave. South highlights the continued demand for high-quality full-floor opportunities in Midtown South,” said Andrew Wiener, head of commercial leasing for The Feil Organization. “By listening to our tenants and finding spaces that fit their needs, we’re able to continue to drive strong leasing across the portfolio and keep our assets near full occupancy.” 

“We are excited to relocate to a full floor of 257 Park Ave.  South which will accommodate Argentic’s exciting future growth plans,” said Doug Tiesi, the CEO at Argentic. “This will deepen our partnership with the Feil Organization, a top landlord in Manhattan that we know well through the real estate lending space,” 

257 Park Ave. South is a 20-story Art Deco office building located at the corner of East 21^st St., offering views of Midtown South. The property is undergoing upgrades, including a renovated lobby and storefronts, further enhancing the tenant experience. Situated in the Flatiron District/Union Square/Gramercy Park neighborhoods, the building provides convenient access to a dynamic mix of retail, dining, and transportation options. The Feil Organization also owns nearby assets at 250 and 251 Park Ave. South.

Argentic was represented by Neil Goldmacher, Eric Zemachson and Scott Gutnick of Newmark. The Feil Organization was represented in-house by Andrew Wiener and Robert Fisher.