ATCO Properties & Management has successfully secured three lease agreements totaling 12,961 square feet at 555 Fifth Avenue, a prestigious 20-story office building located in the bustling Midtown area. The recent deals include Kiran Gems USA, Inc. leasing 6,360 square feet on the 18th floor for their New York headquarters relocation; Andrew Fabrikant & Sons renewing their existing space of 2,631 square feet on the19th floor; and Apollo Manufacturing expanding to nearly double its original space with an additional area of3,970 square feet on the sixth floor.
Represented by Robert Tunis,Kyle Berlinsky,and Joseph Mangiacotti from Colliers along with Charles Shamash from Norman Bobrow & Co Inc., ATCO sealed these lucrative deals while Kate Goodman handled all leasing negotiations in-house for both Kiran and Andrew Fabrikant.
The lease agreements were finalized within a competitive range of $58-$63 per square foot at this prime location. This latest development is yet another feather in ATCO’s cap as they continue to expand their portfolio and establish themselves as leaders in commercial real estate management.
