PRESS RELEASE: Avison Young New York named exclusive leasing agent for over 190,000 square feet of office space in Manhattan's Garment District

March 2, 2021

New York, NY – Avison Young New York has been named the exclusive leasing agent for 191,276 square feet of office space spanning two prime office buildings in Manhattan's famed Garment District.

The properties include 251 West 39th Street, an 18-story building comprised of 117,526 RSF, and 580 Eighth Avenue, a 21-story building offering 73,750 RSF. Both properties are managed by real estate investment firm East End Capital.

An Avison Young team led by Michael Frantz and Dominic Perkaj will be handling leasing for the office buildings, which feature spacious, column-free floor layouts, high ceilings and large windows that provide exceptional light and air.

"We are thrilled to be taking over the leasing assignment for these two properties in one of Manhattan's most popular submarkets," Frantz said. "The buildings offer brand-new, high-end prebuilt spaces featuring polished concrete floors, glass fronts, exposed ceilings, LED lighting and  wet pantries with modern appliances and stone countertops. In addition, renovations to both lobbies will be completed this year.”

"251 West 39th Street and 580 Eighth Avenue cater to a diverse array of tenants, ranging from fashion, media and advertising to the construction and manufacturing industries," added David Peretz, Co-Founder of East End Capital. "We are excited to work with Avison Young's experienced team in what are two of the most exciting properties in the neighborhood."

Located minutes from Penn Station, Times Square and the Port Authority, tenants in 251 West 39th Street and 580 Eighth Avenue enjoy multiple mass transit options including the PATH train to New Jersey and access to the 1, 2, 3, A, C, E, N, Q, R, W, S, and 7 subway trains. The buildings also are near many of New York's most important historical landmarks and parks including Bryant Park.

About East End Capital

A fully integrated real estate investment firm, East End targets investments in markets driven by technology and content creation, healthcare, venture capital investment and compelling demographic trends. East End adds value throughout the investment cycle by applying proactive asset and property management, construction expertise and transparent governance.

About Avison Young

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.

www.avisonyoung.com

Follow Avison Young

Twitter (News)Twitter (Deals)BlogLinkedInYouTubeInstagram

For more information: