{"id":1004144229,"date":"2016-05-18T09:51:19","date_gmt":"2016-05-18T17:51:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144229"},"modified":"2020-04-08T07:07:32","modified_gmt":"2020-04-08T15:07:32","slug":"575-fifth-avenue-to-open-for-leasing-in-the-fall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/575-fifth-avenue-to-open-for-leasing-in-the-fall\/","title":{"rendered":"575 Fifth Avenue to Open for Leasing in the Fall"},"content":{"rendered":"

By Ioana Neamt<\/em><\/p>\n

\"575<\/a>

575 Fifth Ave., New York<\/p><\/div>\n

New York<\/strong>\u2014The building that housed L\u2019Oreal\u2019s headquarters for more than three decades is looking for new tenants. MetLife<\/a>, together with Beacon Capital Partners<\/a>, announced that 360,000 square feet of Class A office space will become available in September at Manhattan\u2019s 575 Fifth Ave. Last year, the two companies also repositioned Goldman Sachs\u2019 former headquarters at 85 Broad St.<\/p>\n

\u201cCapitalizing on our success at 85 Broad Street, we are thrilled to once again partner with MetLife on 575 Fifth Avenue,\u201d Chris Gulden, senior vice president at Beacon Capital Partners, said in a prepared statement. \u201c575 Fifth Avenue is a hidden gem in the center of Manhattan. We plan to make it one of the premier office destinations in Midtown Manhattan.\u201d<\/p>\n

Situated in Midtown Manhattan at the corner of E. 47th<\/sup> Street and Fifth Avenue, the 40-story tower offers easy access to some of the city\u2019s most popular destinations, including St. Patrick\u2019s Cathedral, Rockefeller Center, the Empire State Building and the New York Public Library. Located on one of the most expensive shopping streets in the world, 575 Fifth was the winner of the 2012 International BOMA Outstanding Building of the Year award. The building is currently undergoing a $25 million capital improvement program which includes: a redesigned lobby; a new building canopy and entrance; new lighting and internet connectivity systems; a new 6,000-square-foot conference center and tenant lounge; and a three-story public atrium with access to retail and restaurants. Barneys has already signed a lease for 72,000 square feet in the building, while Westpac Banking Corp. and Northwood Investors each took up 15,000 square feet.<\/p>\n

CBRE<\/a> is the exclusive broker for the office space, representing the building owner through a team led by Vice Chairman Howard Fiddle, senior vice presidents Gregg Rothkin and Keith Caggiano, Vice President Arkady Smolyansky, Associate Brad Auerbach and Senior Financial Analyst Dave Caperna. A marketing center was recently installed on the building\u2019s 30th<\/sup> floor, providing a first-look at what the space has to offer.<\/p>\n

\u201cWe are thrilled to represent MetLife and Beacon Capital Partners at 575 Fifth Avenue, one of the most coveted premier assets in all of Manhattan,\u201d stated CBRE\u2019s Gregg Rothkin. \u201c575 Fifth Avenue has been fully occupied and off the radar for so long that most brokers have never been in the building, much less know about the flexible floor plate, the exceptional light and panoramic views of Central Park, and the Midtown skyline.\u201d<\/p>\n

Image courtesy of Beacon Capital Partners via 575 Fifth NYC<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

L’Oreal will vacate its headquarters in Midtown Manhattan after three decades.<\/p>\n","protected":false},"author":192,"featured_media":1004144230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747,28440],"tags":[],"class_list":["post-1004144229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","category-portland"],"acf":[],"yoast_head":"\n575 Fifth Avenue to Open for Leasing in the Fall - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/575-fifth-avenue-to-open-for-leasing-in-the-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"575 Fifth Avenue to Open for Leasing in the Fall\" \/>\n<meta property=\"og:description\" content=\"L'Oreal will vacate its headquarters in Midtown Manhattan after three decades.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/575-fifth-avenue-to-open-for-leasing-in-the-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-18T17:51:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T15:07:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/575-background-building-gallery1-e1644930638935.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"675\" \/>\n\t<meta property=\"og:image:height\" content=\"505\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/575-fifth-avenue-to-open-for-leasing-in-the-fall\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/575-fifth-avenue-to-open-for-leasing-in-the-fall\/\",\"name\":\"575 Fifth Avenue to Open for Leasing in the Fall - 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