Colliers International has been selected by Cohen Brothers Realty Corporation as the exclusive leasing agent for 622 Third Avenue, a 1 million-square-foot office building in the heart of the strategic Grand Central District and one of the East Side’s toniest buildings.
The 38-story tower provides six contiguous floors totaling approximately 200,000 square feet available to a single user, or divisible among several tenants. In addition, tower floors are available with unobstructed views.
The Colliers International Tri-State team of vice chairmen Alex Jinishian and Robert Tunis, and directors Seth Hecht and Eric Ferriello, lead the building’s leasing program.
“We are excited to accept this prestige assignment for one of the jewels of the Cohen Brother’s portfolio,” Tunis said. “This premier property is poised to lease. We have already received interest from a diversity of firms of many sizes and across multiple sectors. The quality of the asset and the ability of the landlord to meet the market has fostered terrific demand. And Marc Horowitz, Cohen’s head of leasing, has helped create a truly collaborative environment.”
“There are several tenants in the market in need of large blocks of space, but very few Class A properties that offer six contiguous floors totaling almost 200,000 square feet of available space,” Jinishian noted. “This is a prominent building with fine amenities. Tenants are getting Midtown cachet at unsurpassed value.”
The building’s contiguous block — floors 7, 8, 9, 10, and 11 — includes 31,997-square-foot floor plates with largely column-free space, ceiling-to-floor windows, and 13-18-foot ceilings. Large tenants have the option of including breakthrough staircases to connect multiple floors.
The available tower floors, ranging between 3,859 and 8,821 square feet, include 13-foot exposed ceilings and soaring views, new common corridors and restrooms, high-end finishes, and glass fronts throughout. Smaller tenants have already expressed interest in the building’s high-end, creative prebuilt space on the sixth floor, according to the brokers who believe the Class A
building is suited for a variety of tenants across multiple disciplines. The property has an outdoor courtyard and rooftop patio. Minor cosmetic upgrades are underway on what is already considered one of the most elegant and grand lobbies in New York City.
Located at the corner of Third Avenue at East 40th Street to East 41st Street, 622 Third Avenue hosts a community of tenants such as McCann Worldwide, IPG, and Monster.com, among others.