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Deals & Dealmakers

Zillow deal brings 130 Fifth back to full occupancy

Newmark Grubb Knight Frank (NGKF) announced that 130 Fifth Avenue is 100 percent leased following its latest deal with Zillow.

Eric Cagner

Property owner The Olnick Organization tapped the NGKF team four months ago to market and lease up the building.

In that time, leases totaling 53,200 s/f were inked with prime-credit tenants such as Brown Harris Stevens on the entire 2nd floor, Fresh (a division of LVMH) taking the 10th and 11th floors, and, finally, Zillow leasing the entire 9th floor.

“We are thrilled to have tenants of this caliber join the roster at 130 Fifth Avenue, which will contribute to the continued success of this prized building,” said Eric Cagner, a managing director at NGKF, who represented the landlord with David Falk, president, Tri-State region, and Kyle Ciminelli, managing director.

“It was also a pleasure to have had the opportunity of handling such a terrific asset on behalf of a well-respected property owner.”

The office building, which spans approximately 145,000 s/f, is located in the heart of the Flatiron district on the northwest corner of 18th Street and Fifth Avenue. The floors feature high ceilings, oversized windows and an abundance of natural light on three sides. Before the four floors opened up, there had not been availability in the building for close to a decade.

“We cannot be happier with the leasing campaign and NGKF’s quick results,” said Seth Schochet, vice president of leasing with The Olnick Organization. “The quality of the tenants fit the feel of the neighborhood and are a great mix for 130 Fifth Avenue. We are pleased to have them for the decade to come.”
Cresa represented Zillow in the latest and final transaction.

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