Cushman & Wakefield announced that the firm has arranged an additional sublease totaling 24,650 rentable square feet at 777 Third Avenue on behalf of sublessor, Avon Products, Inc.
Avon has relocated its global headquarters to the UK. The subtenant, WestPoint Home, will sublease the entire 7th floor.
A Cushman & Wakefield team led by Executive Vice Chairman Dale Schlather, with Jonathan Fales, Michael Burlant, Heather Thomas and Greg Herman, along with a team led by Michael Katz and Zach Cherney of ACTIO Corporate Asset Advisors, represented Avon.
Michael Monahan and Paul Walker of CBRE represented the subtenant, WestPoint Home.
“The property’s open floor plans and flexibility, along with its superior, transit-oriented location have greatly contributed to the vast interest and successful subleasing we’ve had in the building this year,” said Schlather. “After this transaction, Avon only has one floor left available for sublease.”
777 Third Avenue is a Class A office building and the sublease offers a modern office with full-floor flexible layouts and a recent LEED Gold certified installation.
With this transaction, Avon has subleased eight of the nine floors available and only an additional 24,650 rsf of high-end, turn-key space remains on the 8th floor.