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Deals & Dealmakers

Venture capitalists take space at 100 Fifth

Clarion Partners and The Kaufman Organization announced that venture capital firm, RTP Global, has signed a 5,045 s/f lease on the 17th  floor at 100-104 Fifth Avenue. 

Grant Greenspan and Michael Kaufman, Partner of Kaufman represented the landlord, Clarion Partners, while John M. Cilmi Jr, Associate Director of Newmark represented RTP Global. 

“100-104 Fifth Avenue has always proven to be an ideal office location for a diverse collection of both established and growing firms, and that appeal has proven enduring even during the pandemic,” said Margaret Egan, Clarion Partners’ Senior Vice President of Asset Management. 

“As tenants wait to see how the market evolves, this property’s standout features, including institutional ownership and management, a superb location with access to lots of open public space, and its separate entrances and elevators, have made it particularly appealing in light of current conditions.”  

With the 17th floor now leased, the only remaining available space in the Union Square building includes the entire second floor, totaling 19,812 square feet, and two partial units on the third and fifth floors of approximately 9,500 s/f each.

Built in 1906, 100-104 Fifth Avenue is a French Gothic 20-story, 250,671 s/f office tower located at the nexus of Union Square, the Flatiron District and Washington Square Park. The property boasts a mix of creative and new media companies, advertising and architectural firms, educational companies and financial firms, including major deals with Apple, Adobe, Net-A-Porter and Red Ventures, parent company of The Points Guy. 

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