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Deals & Dealmakers

Kaplan International joins corporate roster at 5 Columbus Circle property

Education and career services provider Kaplan International North America, Inc., ahas leased 25,000 s/f at 5 Columbus Circle.

1790 Broadway Associates LLC, the New York City-based owner of the loft-style office property located between 57th and 58th streets made the announcement.

Known for offering preparation for more than 90 standardized tests for university and graduate school admissions, Kaplan will occupy two full floors at the 21-story, 255,000 s/f tower, further expanding its operations in New York City.

1790 Broadway Associates LLC purchased the historic property in 1985 and has since created an office environment that is comparable to boutique buildings in Midtown South – with the façade being restored to its historical grandeur – as well as modern amenities and connectivity.

In addition to Kaplan, the property is home to a number of high-profile tenants, including Nordstrom, Columbia University, RadNet, Inc., Northwell Health, Columbia Artists, Victoria Hagan and the Rhodium Group.

The ownership was represented in the lease negotiations by Harley Dalton, Senior Vice President with JLL, while Scott Panzer, Vice Chairman, and Shannon Rzeznikiewicz, Managing Director, also of JLL, acted on behalf of Kaplan.

The educational company was also represented by Larry Haber, Esq. and Richard Blatt, Esq. of Abrams Garfinkel Margolis Bergson, LLP. 1790 Broadway Associates was advised by John P. O’Donnell, Esq. of John P. O’Donnell, P.C.

“We are extremely pleased to welcome Kaplan to our growing roster of high-profile corporate tenants,” said Christos Kotsogiannis, Vice President of Real Estate.

“Kaplan’s commitment to two full floors speaks to the allure of 5 Columbus Circle to a variety of national and international companies as well as our continued commitment to making this unique property one of the best business
addresses in Columbus Circle.”

Currently, 5 Columbus Circle is preparing for the grand opening of the Nordstrom flagship on October 24, 2019.

The seven-story retail destination will be a convenient amenity for tenants and will contribute to the vibrancy of the Columbus Circle and West 57th Street neighborhoods

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