New Availability at the GM Building – 767 Fifth Avenue

February 26, 2014

Lance Leighton

Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Trophy Office Space in The Plaza District – GM Building

The GM Building is one of the most prized assets in New York City.  Home to some of the largest names in finance and the hedge fund community, including BlueCrest Capital, Icahn Enterprises, Grosvenor Capital Management, Jana Partners, Parella Weinberg, Reservoir Capital, and JC Flowers, the tenant roster is quite notable.  Towering fifty stories between 58th and 59th Streets, the western portion of the building offers unparalleled views of Central Park.   Since the demand for the trophy building is overwhelmingly high, it is rare to find small units available in the building.  However, the landlord, Boston Properties, is getting back the partial 26th floor (roughly 20,000 square feet), which was previously occupied by Weil, Gotshal & Manges LLP.

Coming available in June of 2014, the landlord has plans to divide the space into 3 units– measuring 7,264 (Suite A), 7,187 (Suite B) and 4,492 (Suite B) square feet each.  Suites A and B both have Madison Avenue frontage and Suite C has 58th Street exposures.  Though plans haven’t been finalized for the spaces, Boston Properties will either pre-build the installations or build-to-suit an incoming tenant’s needs.  Taking deals for the units will be +/- $125, $110 and $100 respectively, with full market concessions.

If you are looking for high-end office spaces in the 5,000-10,000 square foot range, click here for a survey that we recently prepared for another client of the best buildings in New York City.  Also, feel free to click here for a free and instant office space search.

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