Douglas Elliman expands to 60,000 s/f at 575 Mad. Ave.

Douglas Elliman is expanding its Manhattan flagship office at 575 Madison Avenue from approximately 35,000 square feet of non-contiguous space to over 60,000 square feet on 2 1/2 contiguous floors. The company has 10 other offices throughout Manhattan.

"We're adding space to keep up with demand," said Douglas Elliman CEO Dottie Herman, who together with partner Howard Lorber acquired the 800-broker firm in March.

According to Ms. Herman, Douglas Elliman is now 1,000 brokers strong and still expanding.

The additional space at 575 Madison will allow the sales force to increase by as much as 50% and will be designed for maximum employee benefit and efficiency.

"This will be a showcase office in terms of its breathtaking design and appearance, its efficient layout and it's advanced technical infrastructure and resources," added Ms. Herman.

"Best of all, there's enough room for us to keep growing and to continue attracting the city's most outstanding brokers to join our ranks."

That has certainly been a hallmark of the company since Ms. Herman assumed her leadership position.

Top producing brokers who recently joined the firm include former Corcoran Group vice presidents Jacky Teplitzky and Marlene Steiner and ex-Sumitomo Real Estate Sales Managing Director Sachiko Goodman.

Andrew Sachs, Senior Director at Cushman & Wakefield, represented Douglas Elliman in the long-term leasing transaction.

The 27-story office tower at 575 Madison Avenue occupies the entire easterly blockfront between 56th and 57th Streets.