Schoeman Updike Kaufman & Gerber Extends Lease For Office Space At 551 Fifth Ave. In Manhattan

The law firm Schoeman Updike Kaufman & Gerber has extended its lease for an 11,095-square-foot office space at 551 Fifth Ave. in Manhattan. The office space is located in Midtown Manhattan and is owned by Kevin Driscoll of The Feil Organization. The lease term is eight years. The asking rent for the space is $58 per square foot, resulting in a total asking price of approximately $643,210 per year.

Summary of transaction details

• Property Type: Office
• Asking Rent: $58 per square foot
• Square Footage: 11,095
• Address: 551 Fifth Ave., Manhattan
• Market: Midtown Manhattan
• Lease Term: Eight years
• Landlord: Kevin Driscoll - The Feil Organization
• Tenant: Beth Kaufman - Schoeman Updike Kaufman & Gerber
• Broker: Rick Marek - Helmsley Spear

The lease extension was facilitated by Rick Marek, the broker from Helmsley Spear, on behalf of Beth Kaufman and her law firm. The Feil Organization, owned by Kevin Driscoll, acted as the landlord in the transaction. This lease extension allows Schoeman Updike Kaufman & Gerber to continue operating out of their office space in Midtown Manhattan for the next eight years.