Newmark Grubb Knight Frank (NGKF) is pleased to announce that 130 Fifth Avenue is 100 percent leased following its latest deal with Zillow.
Property owner The Olnick Organization tapped the NGKF team four months ago to market and lease up the building. In that time, leases totaling 53,200 square feet were inked with prime-credit tenants such as Brown Harris Stevens on the entire 2nd floor, Fresh (a division of LVMH) taking the 10th and 11th floors, and, finally, Zillow leasing the entire 9th floor.
“We are thrilled to have tenants of this caliber join the roster at 130 Fifth Avenue, which will contribute to the continued success of this prized building,” said Eric Cagner, a managing director at NGKF, who represented the landlord with David Falk, president, Tri-State region, and Kyle Ciminelli, managing director. “It was also a pleasure to have had the opportunity of handling such a terrific asset on behalf of a well-respected property owner.”
The office building, which spans approximately 145,000 square feet, is located in the heart of the Flatiron district on the northwest corner of 18th Street and Fifth Avenue. The floors feature high ceilings, oversized windows and an abundance of natural light on three sides. Before the four floors opened up, there had not been availability in the building for close to a decade.
“We cannot be happier with the leasing campaign and NGKF’s quick results,” said Seth Schochet, vice president of Leasing with The Olnick Organization. “The quality of the tenants fit the feel of the neighborhood and are a great mix for 130 Fifth Avenue. We are pleased to have them for the decade to come.”
Cresa represented Zillow in the latest and final transaction.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate 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. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. 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.