News: Brokerage

The Moinian Group signs Shafer Clinic to lease at 535 5th Ave.

New York, NY The Moinian Group has completed a two-floor expansion with the Shafer Clinic at 535 5th Ave., the owner/developer’s prime midtown asset. Led by double board-certified cosmetic surgeon David Shafer, MD, the practice’s medical office footprint in the building is now 25,000 s/f.

The Shafer Clinic, which already occupies the 32nd – 36the floors, has now expanded by 9,700 s/f onto the 29th and 30th floors. Dr. Shafer specializes in all aspects of aesthetic and cosmetic surgery, combining and surgical and non-invasive procedures.

“The velocity of leasing activity is accelerating throughout our office portfolio,” said Ted Koltis, executive vice president of Commercial Leasing for The Moinian Group. “Dr. Shafer is a long-time tenant with a thriving practice who needed additional space to accommodate the growth of his practice. We are gratified to know that he will continue to be a tenant at 535 5th Ave. for years to come.”

Built in 1927, 535 Fifth Ave. is a 36-story, 329,733 s/f office tower located in Midtown Manhattan. Renovated by the architectural firm Gensler, this leasable workspace is well known for its architecture, full-floor spaces, and views of Fifth Ave. and the city's skyline.

Tenants and visitors can enjoy opulent retail and high rated restaurants nearby such as Osteria del Bianco, The Capital Grille, and Kaoru.

Inside, this building features a variety of amenities such as 24/7 on-site security, boutique full-floor leasing opportunities, video surveillance, and large windows that flood the workspace with natural light. 

This office building is well connected throughout the city and offers a close proximity to transportation options, such as the Amtrak from Grand Central Terminal, LIRR at Penn Station, Port Authority Bus Terminal, Times Square Station, Bryant Park, Herald Square Subway.

535 Fifth Ave. is a sustainable office building, this space boasts an environmentally responsible design, showcased by LEED Gold certification.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of