The Feil Organization has signed multiple long-term leases with international and domestic companies at its 257 Park Avenue South and 853 Broadway, the company announced.
British apparel designer Paul Smith has signed for 12,617 square feet on the fifth floor of 257 Park Avenue South for a new showroom and office. Beachwold Residential, a New York City-based, family-owned real estate company focused on the development, acquisition and management of multifamily properties in multiple states around the country has taken 12,637 square feet on the building’s 13th floor.
Loop Me, a UK-based digital advertising firm, will take 7,897 square feet on the sixth floor of 853 Broadway, joining an ever-growing list of technology, advertising, media and information tenants coming to the neighborhood.
“We are pleased to welcome a like-minded, long-term holder of real estate in Beachwold Residential and two very prestigious U.K.-based firms in Paul Smith and LoopMe to our Midtown South portfolio. Ownership has gotten more aggressive and proactive in pre-building larger spaces and offering more generous tenant improvement allowances, which has increased the demand for our buildings,” said Rob Fisher, director of commercial leasing at The Feil Organization.
Fisher represented Feil in all three leases. Will Grover and Ben Shapiro of Newmark represented Paul Smith. Jared Stern of Savills represented Beachwold Residential. LoopMe was represented by Brandon Cooperstock of Savills and Justin Pollner of Newmark.
Feil’s Brian Palumbo and Tom Ruggiero provided legal counsel to the company in all three transactions. Paul Smith was advised by Hal Coopersmith of Coopersmith & Coopersmith. Charles Rubenstein provided legal counsel to Beachwold Residential. Cliff Ennico provided legal counsel to Loop Me.
