ATCO Properties & Management announced today that it has completed four new leases and renewals totaling 25,127 square feet at 630 Third Avenue, a 23-story, 252,000 square-foot class A office property in Midtown East.
In the largest transaction, law firm Leader Berkon Colao & Silverstein LLP has signed a five-year, 10,193 square-foot lease renewal across a portion of the 17th floor at the boutique office building, which is located on the southeast corner of East 41st Street. The firm, which has been in the building since 2002, will remain until 2024.
In addition, The Consulate General of Uzbekistan and Permanent Mission of Uzbekistan to the United Nations has completed a 10-year, 5,378 square-foot lease on a portion of the 5th floor. The new lease will commence in January 2020.
ATCO has also completed a seven-year lease renewal for law firm Cox, Padmore, Skolnik & Shakarchy, LLP and a one-year lease renewal for independent brokerage firm Katalyst Securities LLC. The law firm currently occupies 5,305 square feet on a portion of the 17th floor, and Katalyst is currently housed in 4,251 square feet on the 5th floor.
“These four transactions highlight the strength of 630 Third Avenue as a top-tier location for a wide variety of prestigious tenants,” said Kate Hemmerdinger Goodman, co-president at ATCO Properties & Management, noting that the building benefits from close proximity to Grand Central Terminal, the United Nations and several major subway lines.
Stephen Gordon of Newmark Knight Frank represented Leader Berkon Colao & Silverstein LLP; Gregory Gang of Lee & Associates represented the Permanent Mission of Uzbekistan; Kate Hemmerdinger Goodman of ATCO represented Cox Padmore, Skolnik & Shakarchy, LLP; and Matt Kashani of Norman Bobrow & Company represented Katalyst Securities LLC in negotiations.
Ownership was represented by Jonathan Franzel and Brittany Silver of Newmark Knight Frank in the Mission of Uzbekistan to the United Nations transaction; Jonathan Franzel of Newmark Knight Frank in the Katalyst Securities renewal; and Atco Brokerage Services for the Leader Berkon Colao & Silverstein LLP and Cox, Padmore, Skolnik & Shakarchy LLP transactions. Asking rents were in the $65 to $69 per square foot range.
630 Third Avenue is home to a prestigious tenant roster that includes Sard Verbinnen & Co., Levy, Sonet & Siegel, Private Label Manufacturers Association, Commonwealth Land Title and Kraft & Kennedy.
A LEED-EBOM Silver certified office building, 630 Third Avenuefeatures a newly-designed lobby, new windows, new elevators, state-of-the-art security cameras, upgraded mechanical systems and a 24-hour security staff.
For more information on ATCO, please contact 212-687-5154 or visit www.630thirdavenue.com and/or www.atco555.com.
About ATCO
ATCO is a real estate investment and ownership platform deploying capital in select cities across the United States, with a particular emphasis on value-add opportunities in urban locations. We seek to improve people’s lives by creating places that they genuinely want to work, play, or live, and by doing our work with a long-term perspective.
Through eight decades and four generations, ATCO has owned, managed, and developed a diverse real estate portfolio, primarily in and around New York City and also in select markets we target. ATCO presently owns and manages more than 20 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to high tech flex buildings. The portfolio of New York City properties includes: 555 Fifth Avenue, 40 Central Park South, 41 West 58th Street, 630 Third Avenue, 381 and 373 Park Avenue South, 515 Madison Avenue and the Atlas Terminals. Nationally, the company owns properties in Austin, Texas; Chapel Hill and Charlotte, North Carolina; Indianapolis, Indiana; Darien, Stamford and Westport, Connecticut; Baltimore, Maryland; and Orlando, Florida. Internationally, ATCO has investments in seven European countries.
