The Real Deal New York

Retail workers’ union takes 31K sf at Feil’s 7 Penn Plaza

17-story Midtown office building is now 95 percent leased

January 21, 2015 05:00PM

7-penn

7 Penn Plaza in Midtown (credit: CBRE’s Brian Gell)

The Retail Wholesale and Department Store Union signed for 30,500 square feet across two floors at the Feil Organization’s 7 Penn Plaza.

The 15-year lease covers 23,000 square feet on the fifth floor and 7,500 square feet on the 14th floor, the New York Observer reported. The 17-story Midtown office building is 95 percent leased.

A CBRE team led by Brian Gell and Laurence Briody represented the union, which represents 100,000 people in the U.S. and Canada. David Turino, commercial leasing director at Feil, represented the landlord in-house.

“Feil made the corporate decision not to pursue tenants that would occupy a full floor or multiple floors, but wanted to diversify the mix and assist existing tenants who wanted to grow,” a Feil spokesperson said. “By leasing carefully and relocating existing tenants over 18 months, the building will be nearly fully occupied with a combination of new and existing users.” [NYO]Mark Maurer

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