{"id":1004199838,"date":"2017-12-11T04:42:53","date_gmt":"2017-12-11T12:42:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004199838"},"modified":"2022-12-08T01:34:11","modified_gmt":"2022-12-08T09:34:11","slug":"laidlaw-co-to-relocate-nyc-offices","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/laidlaw-co-to-relocate-nyc-offices\/","title":{"rendered":"Laidlaw &amp; Co. to Relocate NYC Offices"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004199841\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/521-Fifth-Ave..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004199841\" data-attachment-id=\"1004199841\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/laidlaw-co-to-relocate-nyc-offices\/521-fifth-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/521-Fifth-Ave.-e1553784749269.jpg\" data-orig-size=\"634,476\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1512735446&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"521 Fifth Avenue\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;521 Fifth Avenue&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/521-Fifth-Ave.-e1553784749269.jpg?w=634\" class=\"wp-image-1004199841 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/521-Fifth-Ave..jpg\" alt=\"521 Fifth Avenue\" width=\"300\" height=\"225\" \/><\/a><p id=\"caption-attachment-1004199841\" class=\"wp-caption-text\">521 Fifth Avenue<\/p><\/div>\n<p>Laidlaw &amp; Co. has signed a 10-year lease with SL Green Realty Corp. for 20,987 square feet at 521 Fifth Avenue in Midtown Manhattan. The investment banking and brokerage firm will vacate its office at 546 Fifth Avenue and fully occupy the 12th floor of the 39-story building in the second quarter of 2018. The\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/sl-green-sells-305m-nyc-office-asset\/\">Class A office building<\/a> has a vacancy rate of 7.7 percent as of November, according to Yardi Matrix.<\/p>\n<p>Located at the corner of Fifth Ave. and East 43rd St., the property\u00a0is situated one block from the IRT Flushing Line and alongside multiple bus routes. The tower&#8217;s office tenants include ChinaTrust Commercial Bank, McGraw Communications and Financial Guaranty Insurance Co. Urban Outfitters, an Equinox fitness center and a pizzeria occupy the building&#8217;s first two floors of retail. The property was\u00a0built as the Lefcourt National Building in 1929 and was renovated in 2008.<\/p>\n<p><em>\u201cFifth Avenue continues to be a premier business address and buildings like 521 Fifth Avenue, which are centrally-located, convenient to mass transit and have the benefit of institutional ownership will continue to outperform the market,\u201d<\/em> said Steven Durels, executive vice president of SL Green, in a prepared statement.<\/p>\n<p>A joint venture of SL Green, Quantum Global and LaSalle Investment Management own the building, with SL Green managing the property. A Colliers International team led by Jonathan Plotkin and Tim Pond represented Laidlaw &amp; Co. in the lease transaction, with Cushman &amp; Wakefield\u2019s Tara Stacom, Barry Zeller, Justin Royce and Pierce Hance representing the landlord.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment banking firm has signed a 10-year lease for more than 20,000 square feet of office space in a prime Midtown Manhattan location.<\/p>\n","protected":false},"author":861,"featured_media":1004507484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32763,32799,33722,32895,34965,38547],"class_list":["post-1004199838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-colliers-international","tag-cushman-wakefield","tag-lasalle-investment-management","tag-sl-green-realty-corporation","tag-steven-durels","tag-urban-outfitters"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Laidlaw &amp; 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