Manhattan, NY The Moinian Group signed a 9,000 s/f, 10-year lease with MCM, a leather goods and accessories brand, at 245 Fifth Ave. in Midtown South. MCM will use its new space that encompasses the entirety of the building’s 25th floor for its office operations.
The Moinian Group was represented by Scott Klau, Erik Harris, Zach Weil, Cole Gendels and Ben Klau from Newmark. The tenant was represented by Jonathan Moss, owner of M&M Retail Luxury Consulting.
“Following the recent signing of 95,000 s/f in new office leases at 245 Fifth Ave., we’re thrilled to carry this momentum forward at one of our flagship properties,” said Omar Sozkesen, vice president of commercial leasing at The Moinian Group. “We’re excited to welcome MCM to the building, where they’ll join a dynamic and diverse community of leading businesses that currently occupy 245 Fifth.”
MCM, founded in Munich during the city’s Golden Age, is a global luxury brand known for its bold heritage, innovation, and craftsmanship. With its creative headquarters now in Berlin, MCM blends modern design with eco-conscious materials to deliver functional, hands-free luxury. Celebrated by artists, athletes, and cultural icons, the brand’s iconic Visetos motif reflects its Bavarian roots and neoclassical influences. Today, MCM is present in over 650 locations worldwide.
Additionally, The Moinian Group recently signed 95,000 s/f of new leases with WeWork Synthesia, EON, Greenmantle, Crosby Legal, The Spectator and Schnackel Engineers at 245 Fifth Ave.
Located on the Southeast corner of East 28th St., 245 Fifth Ave. is a 24-story, 316,495 s/f commercial property with industry-leading amenities including open floor plans with glass front offices, views of the surrounding neighborhood and beyond, as well as an Art Deco lobby.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,