The Real Deal New York

BHS to open downtown Fifth Avenue office this summer

By Katherine Clarke | January 31, 2014 06:30PM

Residential brokerage Brown Harris Stevens has inked a deal to open its new downtown office, at 130 Fifth Avenue between 17th and 18th streets, this summer, a spokesperson for the brokerage told The Real Deal exclusively.

The new 13,000-square-foot space, located on the second floor of the Olnick Organization-owned Class A office building, will have 64 desks for brokers.

The office will be designed by architecture firm Gabellini Sheppard Associates, the company behind the design of retail spaces for brands like Saks, Armani and Vera Wang.

Meanwhile, BHS will close its Village office at 2 Fifth Avenue, with the agents from that space moving into the firm’s new digs. The Tribeca office, at 43 North Moore Street, will remain open.

The building at 130 Fifth Avenue is also home to companies such as Interbrand, a division of advertising giant Omnicom, Worth Global Style Network and Korey Kay & Partners.

BHS has a 15-year lease on the space. Eric Cagner of Newmark Grubb Knight Frank represented the landlord in the lease deal, while Joel Burris of Brown Harris Stevens Commercial Services represented the tenant.

The deal comes just two months after BHS announced that it was nearly doubling the size of its flagship office at 445 Park Avenue. The company leased the entire 12th floor at the commercial office tower, between East 56th and East 57th streets, in addition to its current space on the 11th floor, last year.