Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The Moinian Group inked 50,153 sf in new leases for Zaralo LLC, Ameriprise International Services and HDR. Daniel Gohari, VP and director of commercial assets tells GlobeSt.com that all three tenants will move in for immediate occupancy.

Zaralo LLC, a women’s clothing firm, signed a 24,049-sf lease at 500 Seventh Ave. Grant Greenspan & Michael Heaner of the Kaufman Organization represented Zaralo in the negotiations. Mathew Feigen of Newmark Knight Frank represented the ownership in the transaction. Gohari would not disclose taking rents or aggregate lease value, however he tells GlobeSt.com that Zaralo is leasing for 10 years and asking rents at the building are $45 per sf.

Also at 500 Seventh Ave., HDR, an engineering and design firm, inked a new 11,200-sf lease for a 12-year term. HDR was represented by Paul Formichelli and Bob Bundy of Staubach Realty and Erick Schmall of Studley. Mathew Feigen of Newmark Knight Frank negotiated on behalf of the ownership, the Moinian Group.

Built in 1920, 500 Seventh Ave. is located at the corner of 37th and 38th Streets and features newly renovated lobbies and elevators and boasts large open spaces with exceptional light and attractive views of the Hudson River, Times Square and the West Side. Companies such as the New York Times, iVillage, Dayton Hudson and Phat Farm are just a few of the building’s tenants.

Ameriprise International Services, a leading financial advisor, signed a new 14,904-sf lease for a 10-year term, according to Gohari, at 530 Fifth Ave. CB Richard Ellis’ Michael B. Liss represented Ameriprise in the transaction, while Newmark Knight Frank’s Howard Kessler and Adam Haber represented The Moinian Group.

Gohari tells GlobeSt.com that asking rents at 530 Fifth Ave. are $45 per sf. The 26-story, class A office building formerly known as the Bank of New York Building, is located in the heart of Midtown close to Times Square, Grand Central Terminal, and Rockefeller Plaza. The building features renovated marble elevator cabs, a marble lobby attended 24 hours, and excellent access to public transportation. The building offers an on-site building management office, freight entrances on 44th and 45th Streets and tenant-controlled HVAC. Corporate tenants include Time Inc., JP Morgan Chase, Mass Mutual, Silverstein Properties and CSC Holdings. Retail at street level includes Bank of New York, Fossil and LensCrafters.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.