SpaceReport
Mark S. Weiss Executive Vice Chairman 1290 Avenue of the Americas New York, NY 10104 Direct +1 212 841 7871 Fax +1 212 729 2570 mark.weiss@cushwake.com cushmanwakefield.com
September 17, 2019
Ms. Sola Yomi-Ajayi Country CEO United Bank for Africa Plc, USA
1 Rockefeller Plaza New York, NY 10020
Dear Sola:
Enclosed are five (5) copies of a space report which, while abbreviated, has buildings and spaces that we want you to review and inspect.
You will note that three of them, 1177 Avenue of the Americas, 623 Fifth Avenue and 575 Fifth Avenue have floors that are smaller than your targeted 20,000 Rentable Square Feet. In those buildings we could take a portion of a contiguous floor, have the landlord put in a slab opening and create an inter-connecting staircase which you could use for a conference center. While a duplexed arrangement would not be perfect…..it could be dramatic and likely would function very well. We are eager for you to see 200 Park Avenue (The Met Life Building) because while we know you will love it, Tishman Speyer has an ownership interest in it through one of their funds so it would create transactional leverage if you ever decided to relocate to 1270 Avenue of the Americas. 100 Park Avenue is a solid choice however we are only 75% certain that the owner, SL Green, would divide that floor. We still want you to inspect that one as well because, if you elect to move forward sooner rather than later, we want to have several compelling choices at play all at once.
Let us know your thoughts and when you can spend just under two hours with me, Jonathan and David to inspect them.
Sincerely,
Mark S. Weiss
cc: Kemi Amusa-Uwuoruya Enclosure
Additional Space Options Report
September 17, 2019
TABLE OF CONTENTS
623 Fifth Avenue
Page 2
1177 Avenue of the Americas
Page 6
575 Fifth Avenue
Page 9
200 Park Avenue
Page 12
100 Park Avenue
Page 15
Cushman & Wakefield Copyright 2019. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
623 Fifth Avenue Between 49 th & 50 th Streets
Space Availability Floors/Area (RSF)
Entire 18 th , 20 th - 22 nd Partial 25 th Entire 26 th Partial 27 th Entire 28 th
14,486 RSF each 4,956 RSF 14,184 RSF 8,394 RSF 14,545 RSF $79.00 per RSF $86.00 per RSF $88.00 per RSF $88.00 per RSF $88.00 per RSF $88.00 per RSF
Asking Rent
Entire 18 th Entire 20 th -22 nd
Partial 25 th Entire 26 th Partial 27 th Entire 28 th
Possession
Immediate
Comments
• Side core building with great sight lines • If more than a full floor is required, Landlord will build an internal stair to connect a portion of a contiguous floor for UBA’s conferencing needs. • The floor plates are virtually column free. • The 20 th and 21 st floors are nicely built with an interconnecting staircase. • The 25 th floor is under construction and will be a new Pre-built with 3 offices & an open area for 30-35 people. • Landlord will demolish the Partial 27 th floor.
Property Information Year Built
1990
Building Area
412,900 RSF
Stories
36
Ownership
Cohen Brothers
Copyright © 2019 Cushman & Wakefield. All rights reserved.
2
623 Fifth Avenue Between 49 th & 50 th Streets
20 th Floor As-built
21 st Floor As-built
Copyright © 2019 Cushman & Wakefield. All rights reserved.
3
623 Fifth Avenue Between 49 th & 50 th Streets
Core Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
4
623 Fifth Avenue Between 49 th & 50 th Streets
Partial 25 th Floor Plan
Partial 27 th Floor Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
5
1177 Avenue of the Americas Between 45 th & 46 th Streets
Space Availability Floors/Area (RSF)
15,375 RSF
Entire 39 th
Asking Rent
$92.00 per RSF
Possession
Immediate
Comments
• The 39 th floor is currently in clean, white box condition. • Incredible natural light with stunning 360 views • Side-core, efficient floor plate • 12’6” slab height
Property Information Year Built/ Renovated
Built in 1992. Renovated in 2013.
Building Area
1,000,000 RSF
Stories
47
Ownership
Silverstein Properties
Copyright © 2019 Cushman & Wakefield. All rights reserved.
6
1177 Avenue of the Americas Between 45 th & 46 th Streets
Core Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
7
1177 Avenue of the Americas Between 45 th & 46 th Streets
Test Fits
Copyright © 2019 Cushman & Wakefield. All rights reserved.
8
575 Fifth Avenue Southeast Corner of 47 th Street
Space Availability Floors/Area (RSF)
Entire 30 th Entire 31 st
15,475 RSF 15,475 RSF
Asking Rent
$84.00 per RSF
Possession
Immediate
Comments
• If more than a full floor is required, Landlord will build an internal stair to connect a portion of a contiguous floor for UBA’s conferencing needs. • Space is currently white boxed with brand new bathrooms. Landlord
will provide a high-end turnkey. • Side-core, efficient floor plate
• Extended 8:00 am - 8:00 pm building HVAC hours, 7 days a week • Exclusive tenant only lounge with state of the art conference rooms
Property Information Year Built/ Renovated
Built in 1985. Renovated in 2015.
Building Area
569,000 SF
Stories
40
Ownership
Beacon Capital Partners
Copyright © 2019 Cushman & Wakefield. All rights reserved.
9
575 Fifth Avenue Southeast Corner of 47 th Street
30 th Floor Test Fit for UBA
Copyright © 2019 Cushman & Wakefield. All rights reserved.
10
575 Fifth Avenue Southeast Corner of 47 th Street
31 st Floor Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
11
200 Park Avenue Between 44 th & 45 th Streets
Space Availability Floors/Area (RSF)
Entire 12 th (Landlord will divide)
16,000 - 43,886 RSF
Asking Rent
$86.00 per RSF
Possession
Immediate
Comments
• Great southern facing views, looking over Grand Central • Views of both the East River / UN & the Hudson River • Large windows • Direct Access to Grand Central • Space is being demolished next month
Property Information Year Built/ Renovation
Built in 1989. 200 Park Avenue is currently undergoing a lobby renovation.
Building Area
3,143,291 RSF
Stories
58
Ownership
Tishman Speyer
Copyright © 2019 Cushman & Wakefield. All rights reserved.
12
200 Park Avenue Between 44 th & 45 th Streets
Core Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
13
200 Park Avenue Between 44 th & 45 th Streets
12 th Floor Test Fit
Copyright © 2019 Cushman & Wakefield. All rights reserved.
14
100 Park Avenue Between 40 th & 41 st Streets
Space Availability Floors/Area (RSF)
Partial 8 th (Landlord will divide)
15,000 - 43,041 RSF
Asking Rent
$75.00 per RSF
Possession
Immediate
Comments
• SL Green is building a tenant only amenity lounge on the 2 nd floor. • The 8 th floor offers wonderful Park Avenue and Grand Central views. • Ownership’s preference is to lease the entire floor but reasonable divisions will be considered.
Property Information Year Built/ Renovated
Built in 1949. 100 Park Avenue completed a $72 million renovation in 2008.
Building Area
907,000 RSF
Stories
36
Ownership
SL Green
Copyright © 2019 Cushman & Wakefield. All rights reserved.
15
100 Park Avenue Between 40 th & 41 st Streets
Core Plan
Copyright © 2019 Cushman & Wakefield. All rights reserved.
16
Made with FlippingBook - Online catalogs