The ownership of 498 Seventh Avenue, led by George Comfort & Sons, announced today that it has signed a new 30,000 s/f lease agreement with Dattner Architects at 498 Seventh Avenue, its repositioned 25-story office tower in Midtown.
“In the current market environment, workspace design, safety and efficiency are more critical than ever,” said George Comfort & Sons President and CEO Peter S. Duncan. “The folks at Dattner have a particular expertise in these areas, and we take pride that such a world-class firm in the architecture and design field felt comfortable and confident in choosing 498 Seventh Avenue for their new headquarters.”
ADattner Architects plans to occupy the entire 20th floor at 498 Seventh Avenue when the firm relocates its headquarters from 1385 Broadway in the fourth quarter of 2021.
Recently completed capital improvements at 498 Seventh Avenue include new lobbies and entrances on 37th Street, Seventh Avenue and 36th Street, as well as new retail storefronts at the base of the building, installation of destination dispatch elevators, new turnstiles with facial recognition, a grab-and-go coffee kiosk by Ground Central Coffee and a dedicated lounge area for tenants only.
Following Dattner Architects’ signing, the tower is 92 percent leased with availability remaining on the 14th, 17th and 21st floors.
Duncan added, “Our thoughtful repositioning of this asset, as well as its prime location and capital upgrades for touchless experience and enhanced safety measures, is proving attractive to prospective tenants. The building’s efficient floorplates and abundance of natural light, along with our ability to offer a full-floor opportunity are what really sealed the deal in this case. We’re encouraged that the lease activity we’re seeing across our portfolio as we come out of the pandemic is indicative of growth to come, this year and beyond.”
Owned by a partnership of George Comfort & Sons, Inc., Loeb Partners Realty and JP Morgan Chase Asset Management, 498 Seventh Avenue is located a few blocks north of Penn Station. Notable tenants include CB Information Services, Transfix, Inc., Hazen & Sawyer, JP Morgan Chase Bank and Cosentini Associates.
Dattner Architects was represented by Robert Frost and Andy Weiss of Signature Partners LLC. Ownership was represented in-house by George Comfort & Sons’ Andrew Conrad and Matt Coudert.