530 Fifth Avenue | The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


[wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

530 Fifth Avenue

530 Fifth Avenue
New York, NY 10036
(212) 529-7417
Website
Office, Retail, Leasing/Rental

530 Fifth Avenue is a 26-story, 500,000-square-foot retail and office tower acquired in mid-2014 by a partnership that included Thor Equities, General Growth Properties and RXR Realty.

The partnership purchased the property, located between 44th and 45th streets, from Crown Acquisitions, Murray Hill Properties, Rockwood Capital and Jamestown in June 2014 for $595 million. The sellers had bought the property just two years before from Joseph Moinian and Joseph Chetrit for $390 million.

The building has 400,000 square feet of office space and 100,000 square feet of retail. Office tenants in mid-2014 included Massachusetts Mutual Life Insurance Corp. and Diageo North America. A JPMorgan Chase & Co. branch is one of the buildings retail tenants.

The acquisition of 530 Fifth Avenue was one of a series of purchases along Fifth Avenue that Joseph Sitts real estate firm Thor Equities made in 2014, including 164 Fifth Avenue for $23 million and 685 Fifth Avenue for $475 million.

-JC

  • Address 530 Fifth Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner Thor Equities
  • sales/marketing Thor Equities, Michael Worthman
  • Year Built 1957
  • square feet 480,166
  • block and lot 1-01260-7503
  • BIN 1034227

03/20/19
...It also signed a 116,000-square-foot lease at RXR's 530 Fifth Avenue.The Durst Organization is also an investor. Landlords and legacy real estate companies have...

02/14/19
...yet: a 116,000-square-foot lease at RXR Realty’s 530 Fifth Avenue, where it plans to operate flexible office space for companies with 10 to 100 employees. "We...

01/10/19
...currently headquartered in Midtown at RXR Realty’s 530 Fifth Avenue, and has offices in Connecticut. The company is relocating those offices, and will retain...

11/06/18
...square foot and $55 for space. RXR Realty’s 530 Fifth Avenue “Now they’re paying routinely more than $60, and more than $70 or $75 in some cases...

...square foot and $55 for space. RXR Realty’s 530 Fifth Avenue “Now they’re paying routinely more than $60, and more than $70 or $75 in some cases...

10/24/18
...in New York City, a 116,000-square-foot space at 530 Fifth Avenue owned by RXR Realty. RXR is also an investor in Convene and was part...

10/12/18
...From left: 1271 Sixth Avenue,  530 Fifth Avenue, 405 Lexington Avenue, 35 East 21st Street (Credit: Rockefeller Group, RXR Realty, and Wikipedia) Half of...

09/15/18
...incorrectly identified the amount of vacant space at 530 Fifth Avenue. It is nearly 27,000 square feet.  (To view transactions completed at the peak of the...

09/12/18
...Convene CEO Ryan Simonetti and 530 Fifth Avenue (Credit: Convene and RXR Realty) UPDATED, Sep. 12, 2:55 p.m.: Convene, the startup backed by...

09/10/18
...interest in 218 West 57th Street, 685 Fifth Avenue and 530 Fifth Avenue. As a part of a move to repay debt to co-owner GGP, Thor’s...

08/06/18
...and the landlord, United American Land. 5) Five Below, 530 Fifth Avenue, Grand Central - 10,800 square feet The discount retailer inked a lease for 10,800 square feet...

07/31/18
...on discount retailer Five Below's 11,000-square-foot lease at 530 Fifth Avenue, signed earlier this month. Most of Vornado's retail holdings are on Upper Fifth, and...

07/18/18
...store Five Below recently signed a lease for 530 Fifth Avenue, but multiple retail brokers told The Real Deal they did not see this as...

07/18/18
...Manhattan store in November at General Growth Properties’ 530 Fifth Avenue. The store will span 10,800 square feet, which is about 3,000 square feet larger than the...

07/13/18
...Manhattan store in November at General Growth Properties’ 530 Fifth Avenue. The store will span about 10,800 square feet, larger than the average store’s size...

05/29/18
...Norman Sturner, David Sturner, and 530 Fifth Avenue (Credit: Google Maps) Norman Sturner’s MHP Real Estate Services is scaling back significantly...

02/22/18
...stakes in 218 West 57th Street, 685 Fifth Avenue and 530 Fifth Avenue shrank to 0.1 percent, 2.97 percent, and 9.77 percent, respectively, in late 2017. GGP now owns 99.9 percent, 97.03 percent...

11/09/17
...530 Fifth Avenue (Credit: Google Maps) New York skaters are getting a giant new store on Fifth...

10/08/17
...Seller: Beacon Capital Partners + L&L Company 5 530 Fifth Avenue New York Purchase date: 2012 Resale date: 2014 Resale gain: $185,000,000 Seller: Rockwood Capital + Murray Hill Properties...

08/14/17
...retail condo. Thor has reportedly been shopping 597, 590 and 530 Fifth Avenue, and has been squeezed by the cooling retail market. In May, the firm entered...

...arranging Syms and Filene’s 35,000-square-foot lease at 530 Fifth Avenue. Most recently, Abrams headed up leasing at Turnstyle, the 30,000-square-foot underground retail hub at...

07/17/17
...properties through RXR Realty, Including 1330 Sixth Avenue and 530 Fifth Avenue. NorthStar Realty Finance first bought a 30 percent ownership stake in RXR in 2013. Barrack called...

06/15/17
...The company will move executives from offices at 530 Fifth Avenue in Manhattan to Long Island City, and consolidate several locations on Long Island to...

...incorrectly identified the amount of vacant space at 530 Fifth Avenue. It is nearly 27,000 square feet.  (To view transactions completed at the peak of the...

03/23/17
...York assets. Vacancies at retail properties like 597, 590 and 530 Fifth Avenue could mean foreclosure for his loans, Crain's reported.  — Kathryn Brenzel...
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 34,000
notes
The entertainment and media company expanded its lease.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 21,000
notes
The financial firm renewed its lease for 10 years.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 7,803
notes
The investment adviser signed a five-year lease for the entire 25th floor.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
notes
The property sold for $390 million, or $780 per square foot, the New York Post reported.
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500,000
  • Price $ 390,000,000
  • Price per foot $ 780.00
notes
The property sold for $390 million, or $780 per square foot, the Wall Street Journal reported. Jamestown Properties and Rockwood Capital, which are providing equity for the purchase, will be the controlling equity holders in the property. The selling group originally acquired the building for $210 million in 2004. The building has 21,790 square feet of retail space on Fifth Avenue, currently occupied by LensCrafters, Chase bank and Fossil. The building also has several big-name office tenants, including JPMorgan Chase and MassMutual.
  • Event Retail Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 34,000
  • Publication Date 11/01/2010
  • Event Date 09/22/2010
  • Party 1 Moinian Group
  • Party 2 Syms
  • Party 2 Brokerage Lansco
notes
The clothing retailer signed a lease for a new store in a joint venture with Filene's Basement, which Syms acquired last year. The space consists of 6,500 square feet on the ground floor, 9,500 square feet on the lower level and 18,000 square feet on the second floor.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 56,156
notes
The premium drinks business signed a five-year office lease for the entire fourth floor and part of the third floor.
  • Event Retail Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 11,200
notes
The bank signed a 15-year lease for another location.
  • Event Retail Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 11,260
notes
The bank inked a new long-term lease for the ground- and lower-level retail space.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 44,422
notes
The advertising subsidiary of Cablevision's Rainbow Media Holdings renewed its lease on the entire sixth and 17th floors.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 45,000
  • Publication Date 12/01/2009
  • Event Date 10/22/2009
  • Party 1 Moinian Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Howard Kessler
  • Party 2 Cablevision
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Andy Behymer
notes
The cable television and sports holding company signed a seven-year lease renewal for the entire sixth and 17th floors.
  • Event Retail Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 37,000
notes
The technology and services conglomerate inked a lease for retail space.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 34,128
notes
The bank renewed its lease for office space.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,904
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Moinian Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Howard Kessler
  • Party 2 Ameriprise International Services
  • Party 2 Brokerage CBRE
  • Party 2 Broker Michael Liss
notes
The financial adviser took space.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 65,992
notes
The insurance company inked an 11-year lease renewal.
  • Event Office Leasing
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 33,000
notes
Real estate research group moves from 5 West 37th St; 11-year lease
  • Event Sales
  • Address 530 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 220,000,000

...announced. Thor is also marketing the retail at 530 Fifth Avenue, a 1950s mixed-use property between 44th and 45th streets, which it bought in October...

...along with Crown Acquisition’s $390 million purchase of 530 Fifth Avenue in January and Normandy Real Estate Partners’ $360 million purchase of 575 Lexington Avenue in October...

...Superstorm Sandy (see related story, "Landlord losses").   530 Fifth Avenue Sellers: Moinian Group, Chetrit Group, David Werner Address: 530 Fifth Avenue Total profit: $183.1 million Annual...