ATCO Properties & Management announced today that current office tenants Telsey Advisory Group (TAG) and Maritime Capital LLC have renewed their leases at 555 Fifth Avenue, a 257,000-square-foot office building located in the heart of Midtown.
“When strong tenants such as Telsey Advisory Group and Maritime Capital reaffirm their commitment to our building, it’s a testament to our dedication to providing exceptional spaces and services,” said Kate Hemmerdinger Goodman, co-president, ATCO Properties & Management. “With a prime Midtown location, we are thrilled that 555 Fifth Avenue meets both of their needs, and we look forward to many more years of partnership and growth together.”
Founded by Dana Telsey in 2006, TAG has grown to be a leading equity research, trade execution, investment banking and consulting firm, focusing on the consumer space. The firm has recommitted to its 6,829-square-foot space on the 7th floor, the same footprint Telsey has occupied since it moved into the building in 2017.
Maritime Capital LLC is an investment management services firm that offers financial planning, consulting, and investment advisory services. Maritime Capital will remain on a portion of the 9th floor, occupying the 6,031-square-foot in which it has been located since 2017.
Kate Hemmerdinger Goodman represented building ownership in-house in both transactions. No tenant brokers were involved in the transactions. Asking rents for both leases were $63 per square foot.
Centrally located at the southeast corner of East 46th Street, 555 Fifth Avenue offers a tremendous mix of prime commercial space just blocks from Grand Central Terminal. The building is a short walk to premier destinations including Bryant Park, the New York Public Library, Rockefeller Center and the heart of the Fifth Avenue shopping corridor. Built in 1955, the 20-story building boasts green terraces, LEED certification, low loss factors, upgraded elevators and an artificially intelligent HVAC system.
Prominent office tenants include Howard Sloan Search, Cornerstone Office Services, Inc., Kiran Gems USA, Inc., Andrew Fabrikant & Sons, LLC, Apollo Manufacturing, Inc., and Global Excess Partners. Retail tenants at the property include Barnes & Noble and JoJu Vietnamese Sandwich.
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 creating value through placemaking and other strategies in urban locations. ATCO seeks to improve people’s lives by creating places where 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 25 buildings ranging from high-rise office and residential towers to retail properties, from one-story industrial structures to a mixed-use former military base. 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, and 515 Madison Avenue. Nationally, the company owns properties in Austin, Texas; Darien and Westport, Connecticut. Internationally, ATCO has investments in seven European countries.
