{"id":1004672161,"date":"2023-07-14T05:15:37","date_gmt":"2023-07-14T13:15:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004672161"},"modified":"2023-07-18T06:28:28","modified_gmt":"2023-07-18T14:28:28","slug":"the-feil-organization-inks-lease-at-manhattan-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/","title":{"rendered":"The Feil Organization Inks Lease at Manhattan Tower"},"content":{"rendered":"
\"261<\/a>

261 Fifth Ave. Image courtesy of The Feil Organization<\/em><\/p><\/div>\n

Reinsurance company Lockton Re<\/strong> has signed a 10-year, 19,326-square-foot office lease at 261 Fifth Ave. in Manhattan. The tenant will relocate its headquarters and will occupy the full 10th floor of the recently upgraded 450,000-square-foot office tower, owned by The Feil Organization<\/strong>. The landlord was represented in-house while JLL<\/strong> negotiated on behalf of the tenant.<\/p>\n

The current ownership purchased the property in 2005 from L&L Holding Co., for $180 million, CommercialEdge data shows. The landlord invested $20 million into a renovating the building, that resulted in upgraded retail storefronts and entryway, improved lobbies, tenant facilities, elevators, as well as customizable pre-built office suites.<\/p>\n

\n

READ ALSO<\/strong>: Leasing Activity Animates Slow Manhattan Office Market<\/a><\/p>\n

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Recently, The Feil Organization inked two other leases at the property. Performance Realty signed a 2,600-square-foot agreement, while Catalyst Investment made a 4,705-square-foot commitment. The building’s roster also includes Northwest Co., Biologique Recherche, Blackbird Public Relations, Imperium Capital and BCP Home, CommercialEdge data shows.<\/p>\n

Built in 1928, 261 Fifth Ave. rises 25 stories in NoMad and features 10 passenger elevators, along with 18,108 square feet of grade-level retail space. The building’s floor plates range between 11,698 and 19,389 square feet, CommercialEdge data shows.<\/p>\n

The Feil Organization’s Head of Commercial Leasing Andrew Wiener, Directors of Commercial Leasing Tim Parlante and David Turino negotiated for the landlord, while JLL\u2019s Executive Managing Director Don Preate worked on behalf of the tenant.<\/p>\n

Other recent Manhattan leases<\/h2>\n

Just 2 miles away, The Bromley Cos. welcomed Microsoft<\/a> at one of its redeveloped office properties in Union Square. The tech giant signed up for floors six through ten, or 150,000 square feet, at 122 Fifth Ave., an 11-story mixed-use tower. Recently, the landlord implemented a $100 million renovation plan at the property.<\/p>\n

Additionally, two other notable leases closed last month at the Empire State Building<\/a>. Skanska inked a full-floor expansion and Aprio signed a 14,945-square-foot relocation deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

The tenant signed a 10-year, full-floor commitment at the 25-story NoMad building.<\/p>\n","protected":false},"author":2991,"featured_media":1004672162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[39188,32796],"class_list":["post-1004672161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-feil-organization","tag-jll"],"acf":[],"yoast_head":"\nThe Feil Organization Inks Lease at Manhattan Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lockton Re signed a 10-year, 19,326-square-foot lease at The Feil Organization's 261 Fifth Ave. in Manhattan.\" \/>\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\/the-feil-organization-inks-lease-at-manhattan-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Feil Organization Inks Lease at Manhattan Tower\" \/>\n<meta property=\"og:description\" content=\"Lockton Re signed a 10-year, 19,326-square-foot lease at The Feil Organization's 261 Fifth Ave. in Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/\" \/>\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=\"2023-07-14T13:15:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-18T14:28:28+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/18bfyPp9krIuo5L8_x9LKjzj6w-MzQ2Ac-e1689257028246.jpg\" \/>\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\/the-feil-organization-inks-lease-at-manhattan-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/\",\"name\":\"The Feil Organization Inks Lease at Manhattan Tower - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/18bfyPp9krIuo5L8_x9LKjzj6w-MzQ2Ac-e1689257028246.jpg\",\"datePublished\":\"2023-07-14T13:15:37+00:00\",\"dateModified\":\"2023-07-18T14:28:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Lockton Re signed a 10-year, 19,326-square-foot lease at The Feil Organization's 261 Fifth Ave. in Manhattan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/the-feil-organization-inks-lease-at-manhattan-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/18bfyPp9krIuo5L8_x9LKjzj6w-MzQ2Ac-e1689257028246.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/18bfyPp9krIuo5L8_x9LKjzj6w-MzQ2Ac-e1689257028246.jpg\",\"width\":4005,\"height\":3015,\"caption\":\"261 Fifth Avenue. 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