Case Study

71 Fifth Avenue

  • 11-story, 170,330 sf mixed-use retail and office asset on the corner of 15th Street and Fifth Avenue in Manhattan’s Flatiron neighborhood
  • Acquired off-market from consortium of long-time owners
  • Completed early termination of retail tenant Pier 1 Imports; subdivided space and executed leases with City National Bank and high-end fitness/wellness club The Well
  • Vacated and re-positioned 60% of office space with new tenancies including Slack and Soundcloud