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Deals & Dealmakers

Colliers adds 623 Fifth Avenue to roster of Cohen office towers

Colliers International Group Inc. has been retained by Cohen Brothers Realty Corporation as the exclusive leasing agent for 623 Fifth Avenue, a Class-A office tower in the Plaza District.

Still known as one of the newest office buildings in Midtown, the 36-story 623 Fifth Avenue built in 1990 features floor-to-ceiling windows, column-free floorplates, and raised flooring.

Other amenities include two huge, landscaped terraces, and spectacular views of Rockefeller Center and over St. Patrick’s Cathedral.

In addition, the sky lobby is being renovated, and features a Richard Serra sculpture.

Approximately 175,000 s/f are currently available for lease, including multiple blocks of contiguous space in the tower, the largest of which totals nearly 45,000 s/f. The 7,499 s/f penthouse — the 36th floor — is also available.

The Colliers International team comprised of vice chairman Joseph Cabrera, executive managing director David Glassman, managing drector Dylan Mattes, and associate director Zachary Levy will serve as the exclusive leasing agents for ownership.

“Tenants have an excellent opportunity to secure premium space in one of Manhattan’s elite, Plaza District office towers, with unbelievably unique views,” said Cabrera, who noted that the property’s world-class roster of corporate tenants already includes Cap Gemini, Bank United, and Merrill Lynch.

“We have a variety of spaces available including both raw and built out units, full floors to partial floors, providing optimal flexibility.”

The addition of 623 Fifth Avenue expands the roster of trophy office towers that Colliers exclusively represents on behalf of Cohen, including one million square feet of office space at the owner’s 622 Third Avenue.

Colliers has already arranged 80,000 s/f of leases there, representing about 30 percent of the building’s vacancy, with leases pending for another 50,000 s/f.

“We are extremely excited to be expanding our partnership with Cohen Brothers by adding another one of its world class assets at 623 Fifth to our representation,” Glassman said. “We look forward to continued success with this building, as well as the 622 Third building.”

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