The Olnick Organization, owner of 130 Fifth Avenue, has appointed the Newmark Grubb Knight Frank (NGKF) team of David Falk, Eric Cagner and Kyle Ciminelli to handle the leasing at its prized Fifth Avenue building. There is currently a total of 53,200 square feet available, comprising four newly white-boxed floors: the entire 13,300-square-foot second floor and a rare block of three contiguous floors for a total of 39,900 square feet at the top of the building, which has an internal staircase in place.
130 Fifth Avenue sits in the heart of the Flatiron neighborhood on the northwest corner of 18th Street and Fifth Avenue. The top floors of the 145,000-square-foot building each feature high ceilings, oversized windows and an abundance of natural light on three sides. Similarly, the second floor has dramatically high ceilings with large oversized windows.
“We are very excited to be partnering with NGKF in leasing our Fifth Avenue trophy asset,” said Seth Schochet, Vice President of Leasing with The Olnick Organization. “We are thrilled to bring these floors to market in conjunction with the highly anticipated renovation of the lobby, which will really provide a new face to this terrific property.”
“The quality of ownership and the property itself, which exhibits unique attributes coupled with terrific floor plate efficiencies, will be a huge draw for high-end fashion, technology and media industry companies that are seeking a prestigious Fifth Avenue address,” stated Mr. Cagner.
“There has not been availability in 130 Fifth Avenue in close to a decade, so the majority of the brokerage and tenant communities are not familiar with the building,” said Mr. Cagner. “When they see the floors, coupled with the building’s new lobby, they will be quick to realize this is the premiere offering along the lower Fifth Avenue corridor today.”
Work is set to commence on the lobby within the next 90 days.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF employs more than 12,000 professionals, operating from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. Its integrated services platform includes leasing advisory, global corporate services, investment sales and capital markets, consulting, program and project management, property and facilities management, and valuation services. A major force in the real estate marketplace, NGKF serves the local and global property requirements of tenants, landlords, investors and developers worldwide. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.