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Fisher Brothers Signs Three 10-Year Leases at 605 Third Ave

Developer Fills Nearly 46,000 SF in 1M-SF Grand Central Tower
October 5, 2017
Fisher Brothers has added three more tenants to the rent roll at its 605 Third Avenue office building in New York City, with all three signing new 10-year leases.

Together the lease deals total 45,824 square feet in the tower, with tenants expected to move into the building in 2018.

National luxury travel consultant Valerie Wilson Travel is leasing the 19th floor and a fraction of the 24th floor for a total of 25,258 square feet. First it must relocate from its New York City headquarters at 475 Park Avenue South, a move planned for early 2018, according to Fisher Brothers. Joseph Grotto, senior managing director with Cushman & Wakefield represented Valerie Wilson.

Privately held public infrastructure investment firm Meridiam, already in the building under a sublease, has agreed to a direct deal totaling 11,823 square feet of the 36th floor. David Dusek, managing director with JLL represented Meridiam.

Health franchise Orangetheory Fitness will rent 5,761 square feet of retail space on the ground and concourse levels, and will open its doors next year. The tenant was represented in lease negotiations by Schuckman Realty.

Built in 1963, the 43-story, 1.04 million-square-foot, 4-Star office tower is currently 82 percent leased. The Anti-Defamation League, United Nations Population Fund and Univision Media are all tenants at 605 Third.

Fisher Brothers' announcement comes a few short months after U.K.-based business information services company Informa agreed to take 59,613 square feet at the tower for 10 years, in a move to consolidate its New York City office footprint less than one year after acquiring Penton Media for almost $1.6 billion.

In 2016, the developer finished a $25 million capital improvement program at the property which included redesigning the entrance and lobby through the Rockwell Group's David Rockwell. Fisher Brothers installed two digital glass windows fitted with 900 translucent tiles set to run kaleidoscopic patterns in what the landlord calls, "a form of public art." The lobby was also extended outward into the plaza and refinished in brass and white.

Michael Baraldi, Louis D'Avanzo, Bruce Mosler, Andrew Ross and Maria Travlos of Cushman & Wakefield worked alongside Fisher Brothers' in-house reps Clark Briffel and Marc Packman on the three separate lease transactions.

Diana Bell, New York City Market Reporter  CoStar Group   
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