The Real Deal New York

Zamir’s 587 Fifth Avenue hits the market

December 01, 2010 09:45AM

Zamir Equities is selling off its leasehold on the 43,000-square-foot Fifth Avenue building that houses retailer Quicksilver on the ground floor, sources told the Post. The 10-story property, which sits between 48th and 49th streets and has an address of 587 Fifth Avenue, is 95 percent leased, including the few floors taken up by Zamir’s jewelry business. Zamir’s leasehold extends until 2079 and Jane Goldman owns the land beneath the building, where asking rents are in the $40s per foot. The Jones Lang LaSalle team of Richard Baxter, Ron Cohen, Scott Latham and Jon Caplan — who recently sold 434 Broadway to the Georgetown Group for $41 million in cash — is handling the listing. [Post]

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