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Gardiner & Theobald Renews 27,500 Square Foot Lease At 535-545 Fifth Avenue In Midtown Manhattan

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LEASED

New York

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Office27,500 SF
Leased 01/27/2025
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LEASED

Gardiner & Theobald Renews 27,500 Square Foot Lease At 535-545 Fifth Avenue In Midtown Manhattan

535 545 5th Avenue

See Similar Deals
Office27,500 SF
Leased 01/27/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:27,500 SF
Transaction Type:Lease

The asset involved in this transaction is an office space located at 535-545 5th Avenue in Midtown Manhattan, encompassing a total area of 27,500 square feet. The property is under the management of the Moinian Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 535-545 5th Avenue
  • Market: Midtown Manhattan
  • Landlord: Joseph Moinian - Moinian Group
  • Tenant: Gardiner & Theobald
  • Landlord's Representative: Omar Sozkesen - Moinian Group
  • Tenant's Representative: Evan Fiddle - CBRE
  • Lease Term: Five years
  • Lease Renewal Year: 2025
  • Original Tenant Since: 2014

The deal features key individuals including Joseph Moinian representing the Moinian Group as the landlord, and Gardiner & Theobald as the renewing tenant, represented by Evan Fiddle from CBRE. Omar Sozkesen also plays a role as the landlord's representative, facilitating the lease renewal process.

Players

Evan Fiddle
13 deals
BROKER

Omar Sozkesen
Cushman & Wakefield
2 deals
BROKER

Cushman & Wakefield
BROKERAGE

Details

LEASED
IMAGE: Omar Sozkesen, Joseph Moinian, Adam Glover & Evan Fiddle DATE: 01/27/2025 ADDRESS: 535-545 5th Avenue MARKET: Midtown Manhattan ASSET TYPE: Office ~ SF: 27,500 LANDLORD: Joseph Moinian (@MoinianJ) - Moinian Group (@MoinianGroup) TENANT: Gardiner & Theobald (@GT_LLP) LANDLORD'S REP: Omar Sozkesen - Moinian Group TENANT'S REP: Evan Fiddle (@EvanFiddle) - CBRE (@CBRE) NOTE: Gardiner & Theobald renewed its 27,500-square-foot lease for five years at Moinian Group's 535-545 Fifth Avenue in Midtown Manhattan, where it has been a tenant since 2014.

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Deal Type
Effective Rent (Annual)

$1,576,283.41

Total Lease Value

$15,762,834.05

Net Landlord Cash Flow$1,576,283.41