Clarion Partners, LLC and Kaufman Organization recently announced that Brown Harris Stevens, a luxury residential real estate firm specializing in full-service residential management, has signed a 20,062-square-foot lease at 100-104 Fifth Avenue. The firm will occupy the entire second floor which was recently renovated.
“100-104 Fifth Avenue is the ideal office location because it provides tenants with a modern workspace with infrastructure renovations, including the latest access control system, that meet the needs of innovative, forward-thinking companies,” said Margaret Egan, Clarion Partners’ Senior Vice President of Asset Management. “For Brown Harris Stevens, this property stands out as it puts the company’s NYC market directly at their fingertips with easy access to neighborhoods across the city.”
Michael Kaufman and Grant Greenspan of Kaufman Organization represented the landlord, Clarion Partners in the transaction. Paul Amrich and Alexander Golod of CBRE represented the tenant in the transaction.
Located one block from Union Square Park and the subway station, 100-104 Fifth Avenue is prominently located at the intersection of Union Square, Flatiron and Washington Square, making it an ideal location for New Yorkers and commuters.
“100-104 Fifth Avenue is a highly sought-after building due to its easily commutable location and top-tier renovations,” said Michael Kaufman, Partner at Kaufman. “As companies look for office space, we have been seeing a draw towards newly renovated, ready-to-move-in spaces. For Brown Harris Stevens, this location offered a space that could serve as a hub to their employees in the New York City market.”
Built between 1906 and 1911, 100-104 Fifth Avenue consists of 17 and 20 story buildings located on the corner of 5th Avenue and 15th Street. The property benefits from its proximity to subway lines including 1, 2, 3, 4, 5, 6, F, M, N, Q, R and W. 100-104 Fifth Avenue features a complete restoration of French Gothic façade, modern minimalist-design lobbies, state of the art elevators, fully modernized video and access control security and fully modernized restrooms and tenant-controlled HVAC. Some current tenants include Adobe, Timberland, Firstmark Capital and Red Ventures, parent company of The Points Guy.
