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Tourist agency signs lease at French Bldg.

The British Tourist Authority (BTA) has signed a lease for approximately 12,000 square feet of space for its U.S. headquarters at the Fred F. French Building at 551 Fifth Avenue. MetLife Real Estate, owner of the landmark building, made the announcement.

Fred C. Trump III of The Shorenstein Company - East negotiated the 15-year transaction on behalf of the owner. Daniel Horowitz, Kathleen Wit and Paul Weissman of Julien J. Studley, Inc. represented the tenant, which has offices throughout the U.S. to promote and strengthen Britain's tourist industry.

The tenant is relocating from 40 West 57th Street and will occupy the seventh floor of the building.

The 38-story Fred F. French Building, developed in 1927 and designated a landmark in 1986, has been acclaimed for its striking blend of Art Deco and Near Eastern architecture. A comprehensive restoration effort is currently nearing completion.
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Title Annotation:British Tourist Authority; 551 Fifth Ave., New York, New York
Publication:Real Estate Weekly
Date:Jul 8, 1992
Words:145
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