PRESS RELEASE: Avison Young Named Exclusive Leasing Agent for 650,000 RSF, Three Building Office Portfolio in Midtown Manhattan

PRESS RELEASE: Avison Young Named Exclusive Leasing Agent for 650,000 RSF, Three Building Office Portfolio in Midtown Manhattan 16 Nov 2020

Avison Young team marketing leasing opportunities at 28 West 44th Street, 25 West 45th Street and 1156 Avenue of the Americas on behalf of APF Properties

New York– The New York office for Avison Young has been named the exclusive leasing agent for a 650,000 RSF, three-building office portfolio in Midtown Manhattan comprised of 1156 Avenue of the Americas, The Club Row Building at 28 West 44th Street and 25 West 45th Street. The properties are owned by APF Properties.

Founded in 1995, APF Properties owns a portfolio of office assets across New York City and Philadelphia valued at above $1.4 billion. The firm offers its tenants a full range of in-house services and amenities such as construction, office design, conference rooms and bike storage. APF Properties has been operating in New York City for over 25 years. The Avison Young team will be marketing a variety of leasing availabilities at all three assets ranging from 1,000 RSF to 20,000 RSF.

Ownership recently completed a high-end, pre-built program at the properties featuring polished concrete floors, exposed ceilings and columns and black metal finishes. Ownership also has the flexibility to furnish and wire all spaces throughout their portfolio, allowing for tenants to enter new, plug and play space on short notice. Additionally, the three properties are easily accessible by public transportation at Grand Central, Penn Station, the Port Authority and are all located within a few hundred feet of major subway lines.

An Avison Young team led by Brooks Hauf, Senior Director, along with Associates Cole Chartash, Peter Johnson, and Dominic Perkaj, are marketing the leasing opportunities.

“APF Properties was seeking an energetic agency team to take over leasing responsibilities for these three assets and Avison Young prevailed due to our creative, proactive and collaborative approach,” notes Joe Harbert, Principal and Director of Operations for the Northeast Region of Avison Young. “Even in the current challenging office market, we believe there will be strong tenant interest because of the quality of the assets, the tenant-oriented ownership of APF Properties, and the easy commuter access of all three buildings. Avison Young’s cutting-edge marketing strategies, combined with our in-depth knowledge of the Midtown office market, will serve us well as we embark on our leasing campaign.”

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.

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