RFR announced that two new tenants will join the roster and two existing tenants will double their footprints at 475 Fifth Avenue. Following these transactions, occupancy at 475 Fifth has climbed to 92%.
Harkness Capital Partners, a private equity investment firm focused on lower middle market businesses, has signed on to a seven-year, 8,013-square-foot full-floor, pre-built suite at the 24-story tower. Jellycat, known for branded toys, gifts and accessories, committed to a five-year, 4,319-square-foot pre-built space while software developer Eoch Group will take the full-floor, 4,142-square-foot suite on the top floor. Additionally, financial services holding company United Atlantic Capital doubled its footprint, extended its term by nine years and will move into a 10,107-square-foot space.
“The stunning pre-built suites at 475 Fifth have proven to be incredibly popular,” said AJ Camhi of RFR. “Most of these suites, including three of these recent commitments, have been snapped up even before completion, leaving only two pre-built options, one with an expansive private terrace, remaining.”
RFR launched a design-forward, high-end pre-built program at 475 Fifth last year. The program comprises 31,398 square feet of well-appointed office space across five suites, some featuring private terraces overlooking the New York Public Library and Bryant Park. RFR is building out turnkey spaces featuring warm custom finishes and high-end pantry and collaboration spaces.
“These pre-built spaces are ideal for tenants seeking workspaces with distinctive architectural elements combined with permanently protected views of Bryant Park and Fifth Avenue,” continued Camhi.
RFR was represented in house by AJ Camhi, Paul Milunec and Rob Weller on each of the transactions with asking rents ranging from $95-115 per square foot. Brent Ozarowski and Kevin Sullivan of Newmark represented Harkness Capital Partners. Daniel Lolai and Eric Siegel of LSL Advisors represented Jellycat. Michael Thomas and Aidan Campbell of Colliers represented Eoch Software.
