The ownership of 575 Lexington Avenue, led by George Comfort & Sons, announced today that Hertz Herson CPA LLP has signed a new 12-year, 9,763 s/f lease at the class-A office tower in the Plaza District.
Founded in New York City in 1931, Hertz Herson is an accounting and consulting firm serving entrepreneurial businesses across multiple sectors in the greater New York area. The firm will move from 477 Madison Avenue to the entire 34th floor of 575 Lexington in the fourth quarter of this year.
“We are pleased to welcome Hertz Herson and know that its esteemed professionals will benefit from 575 Lexington’s contemporary environment and inspiring views,” said Peter S. Duncan, President and CEO of George Comfort & Sons. “This tower has long been a best-in-class Plaza District destination. With market activity picking up, it’s no surprise that it is generating increased interest.”
Ownership of 575 Lexington Avenue is comprised of a joint venture that includes George Comfort & Sons, Angelo Gordon & Co. and one of several funds advised by CREM, a subsidiary of Columbia Property Trust. The 35-story, 745,000 s/f office tower is surrounded by Midtown’s corporate headquarters, fine dining establishments, and vast retail options.
“575 Lexington’s location and optionality within the building continue to be a draw for top-tier tenants,” said Paul Teti, Executive Vice President of Real Estate Operations at Columbia Property Trust. “We’re excited to build a relationship with Hertz Herson and bring their innovative spirit as they join the tower’s tenant roster.”
Hertz Herson was represented in the transaction by Michael Wellen and Stephen Siegel of CBRE. The landlord was represented by Ben Shapiro, Alex Leopold, Michael Shenfeld and David Falk of Newmark.