News: Brokerage

The Feil Organization signs two leases totaling 25,500 s/f at 257 Park Ave. South

Manhattan, NY The Feil Organization signed two long-term leases totaling 25,500 s/f at 257 Park Ave. South.

The two leases include:

• AngelList, a fintech company, will occupy the 18th floor, spanning 12,900 s/f.

• Options Group, a global executive search and consulting firm, leased the 7th floor, totaling 12,600 s/f.

AngelList was represented by Jonathan Franzel of Newmark, and Options Group was represented by Sam Seiler and Patrick Moroney of CBRE. The Feil Organization was represented in-house by Andrew Wiener and Robert Fisher.

“Welcoming AngelList and Options Group to 257 Park Ave. South reinforces the leasing momentum of Park Ave. South as a premier neighborhood for high-growth companies,” said Wiener. “Their commitments enhance the asset’s dynamic tenant roster and reflect the unmatched quality of office space we are proud to offer.”

“Our new home at 257 Park Ave. South anchors us in New York’s ecosystem of founders and investors,” said Rebecca Pohlmann, director of employee operations at AngelList. “It’s the ideal space for our team as we continue building the infrastructure for the startup economy.”

“257 Park Ave. South gives us the platform to scale on a single, open floor that inspires collaboration and keeps our team connected,” said Mike Karp, chief executive officer of Options Group. “The space has incredible natural light and iconic views up Park Ave. — the kind of setting that matches the caliber of our clients and the work we do for them. We’re excited to partner with Feil and continue building our business here.”

257 Park Ave. South, also known as the Gramercy Park Building, is in the Flatiron District/Union Square/Gramercy Park neighborhood. Situated at the corner of 21st St., the 20-story art deco building offers views of Midtown-South and is surrounded by a variety of commercial businesses and a neighborhood. The 238,000 s/f building will soon feature brand new elevators, new storefronts and entryway, along with a renovated security desk. Feil owns two other commercial assets in the same vicinity, including 250 and 251 Park Ave. South.

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