Newswire Mann Report

Atco Properties & Management Renews Two at 555 Fifth Ave.

555 Fifth Ave. (Photo courtesy of Atco)

Atco Properties & Management announced that current office tenants Telsey Advisory Group (TAG) and Maritime Capital LLC have renewed their leases at 555 Fifth Ave., a 257,000-square-foot office building in Midtown Manhattan.

“When strong tenants such as Telsey Advisory Group and Maritime Capital reaffirm their commitment to our building, it’s a testament to our dedication to providing exceptional spaces and services,” said Kate Hemmerdinger Goodman, co-president, Atco Properties & Management. “With a prime Midtown location, we are thrilled that 555 Fifth Ave. meets both of their needs, and we look forward to many more years of partnership and growth together.”

Founded by Dana Telsey in 2006, TAG is an equity research, trade execution, investment banking and consulting firm, focusing on the consumer space. The firm has recommitted to its 6,829-square-foot space on the seventh floor, the same footprint Telsey has occupied since it moved into the building in 2017.

Maritime Capital LLC is an investment management services firm that offers financial planning, consulting, and investment advisory services. Maritime Capital will remain on a portion of the ninth floor, the 6,031-square-foot space it has occupied since 2017.

Hemmerdinger Goodman represented building ownership in-house in both transactions. No tenant brokers were involved in the transactions. Asking rents for both leases were $63 per square foot.