The Moinian Group announced today that it has completed a long-term, full-floor lease at 535 Fifth Avenue, its office and retail property in Midtown, with Forest Hills Financial Group, Inc. taking the entire 13th floor.
Opening a new office to accommodate its growth, Forest Hills Financial Group, a subsidiary of The Guardian Life Insurance Company of America, leased the 7,175-square-foot space, with plans to occupy its new offices in Q1 2024.
“The new lease at 535 Fifth Avenue further showcases that credit tenants are seeking high-end build-outs in prime locations,” said Omar Sozkesen, Vice President, Commercial Leasing for The Moinian Group, which is celebrating its 40th year in operation. “Forest Hills Financial Group was drawn to a turnkey installation in the heart of Manhattan.”
Mitchell Arkin and Will Yeatman, of Cushman & Wakefield, and James Cassidy of DHC Real Estate Services represented ownership in the new transaction. Robert Gallucci, of Colliers International, represented the tenant.
Located at West 44th Street, 535 Fifth Avenue is a 36-story, 329,733-sf office and retail property renovated by the architectural firm Gensler, providing stunning architecture, full-floor spaces, sweeping views of Fifth Avenue, and the city’s skyline. The building is in close proximity to 5-star hotels, high-end shopping, and a multitude of transportation options.
