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GVA's smart move paying off at 500 Fifth Ave. tower.


GVA GVA

general visceral afferent system of nerves.
 William is reaping the rewards of its repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery.  of 500 Fifth Avenue after global research firm, Schlesinger Associates, announced it would renew and expand to 21,006 s/f at the 59 story tower. The firm, which has renewed its lease for a term of 10 years, will now occupy a majority of the 10th and 11th floors of the 660,000 s/fpre-war building in Grand Central's booming commercial district.

"This latest large lease renewal and expansion by Schlesinger Associates validates that our repositioning program and the ongoing renovations are a success," said GVA's Harry F. Blair, who worked the deal with his colleague, Sean Kearns.

GVA Williams is the exclusive leasing agent of 500 Fifth Avenue, and is overseeing the transformation of the property on what's known as one of the smartest blocks in the city.

Since beginning the assignment in January 2005, the GVA Williams leasing team has been credited with increasing the property's rental rates, which have outperformed the building's peer group by 21%. They have also attracted such quality tenants as Oxford University, Hudson Valley
''For the magazine, see Hudson Valley (magazine).


The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy.
 Bank, Ameriprise Financial Ameriprise Financial, Inc. (NYSE: AMP) is a company offering financial advice and products. It is the successor to American Express Financial Advisors (AEFA), which was a subsidiary of the American Express Company.  Services and Dragados USA.

The building features landmark-quality architecture, unsurpassed views, and state-of-the-art building systems. Upgrades include the replacement of elevator cabs, a complete lobby renovation and an ongoing upgrade to public lavatories and corridors.

Developed in 1932, 500 Fifth Avenue was designed by Shreve, Lamb & Harmon Associates, the same architects that designed the world-renowned Empire State Building. 500 Fifth Avenue offers world-class views in all directions, including Bryant Park Bryant Park is a 9.603 acre (39,000 m²) public park located in the New York City borough of Manhattan. It is bounded by Fifth Avenue, Sixth Avenue, 40th Street and 42nd Street in Midtown Manhattan.[1] The central building of the New York Public Library is in the park. , the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Library, the Empire State Building and Times Square. The building is also within walking distance to Grand Central Station, Penn Station, Port Authority and all major subway lines.

Michael Liss of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  represented Schlesinger Associates in the lease negotiations.
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Comment:GVA's smart move paying off at 500 Fifth Ave. tower.
Publication:Real Estate Weekly
Date:Aug 8, 2007
Words:298
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