551 Fifth Avenue | TRD Research
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551 Fifth Avenue

551 Fifth Avenue
New York, NY 10017
(212) 563-6557
Website
Office, Leasing/Rental

551 Fifth Avenue, also known as the Fred F. French Building, is a 38-story, 430,156-square-foot skyscraper on the northeast corner of 45th Street in midtown Manhattan, erected in 1927 by Frederick Fillmore French. Architecture firms H. Douglas Ives and Sloan & Robertson designed the office tower, which became a landmark in 1986. The buildings ground floor entrances and storefronts are decorated with sculptures of mythological creatures, with an emphasis on Middle Eastern mythology. The lobby has a vaulted ceiling and contains 25 bronze doors. As of March 2015, Pace University held classes in the building. Other tenants included Denihan Hospitality Group, LLC, ABM Industries Incorporated, Kleinberg, Kaplan, Wolff & Cohen, PC. The Building Owners and Managers Association gave it its 1994/1995 Historic Building of the Year Award. It was sold together with 10 LaSalle Street, in Chicago, in 2002, according to Costar, the commercial real estate information and marketing provider. The Feil Organization, a family-owned, New York City-based real estate investment, development, and management firm, owns the building via its affiliate, French Partners, LLC.

-MK

  • Year Built 1927
  • square feet 427,178
  • block and lot 1-01281-0001
  • BIN 1035389
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 20,955
  • Publication Date 12/04/2017
  • Event Date 11/20/2017
  • Party 1 Denihan Hospitality Group
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Mark Weiss, Alan Wildes
  • Party 2 Knotel
  • Party 2 Brokerage InterRelate Group
  • Party 2 Broker Tom Kaufman
notes
The office provider inked a 5-year lease at the Fred F. French building in Midtown.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,519
  • Publication Date 07/01/2015
  • Event Date 05/22/2015
  • Party 2 Secured Worldwide
  • Party 2 Brokerage ABS Partners Real Estate
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 20,400
notes
The laboratory for grading jewelry signed a new lease for the entire seventh floor. The landlord is building the space to suit for the tenant.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 16,000
  • Publication Date 11/01/2012
  • Event Date 09/22/2012
  • Party 1 Feil Organization
  • Party 1 Brokerage In-house
  • Party 2 Schoeman, Updike & Kaufman
  • Party 2 Brokerage Vortex Group, Garth Organization
  • Party 2 Broker Rick Marek, Kenneth Friedland
notes
The law firm signed a lease on the 12th floor, the New York Observer reported. The tenant is relocating from 60 East 42nd Street.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 16,018
notes
The law firm signed a lease for part of the 12th floor.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 29,063
notes
The integrated facilities solutions company signed a lease renewal.
  • Event Retail Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 9,584
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 Feil Organization
  • Party 1 Brokerage In-house
  • Party 2 Tommy Bahama
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Amira Yunis
notes
The fashion retailer and lifestyle brand signed an expansion lease to add space for a restaurant, bar and lounge. The tenant will now occupy a total of 18,093 square feet at the building.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 9,000
  • Publication Date 06/01/2011
  • Event Date 04/22/2011
  • Party 1 Feil Organization
  • Party 1 Brokerage In-house
  • Party 2 Kleinberg, Kaplan, Wolff & Cohen PC
  • Party 2 Brokerage Murray Hill Properties
  • Party 2 Broker Jesse Rubens
notes
The law firm signed an expansion lease.
  • Event Retail Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 8,500
  • Publication Date 02/01/2011
  • Event Date 12/23/2010
  • Party 2 Tommy Bahama
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Amira Yunis
notes
The Seattle-based fashion and accessories retailer signed a 12-year lease.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,724
notes
The national tourism agency of the United Kingdom inked a renewal lease.
  • Event Office Leasing
  • Address 551 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 5,054
  • Price per foot $ 47.00
  • Publication Date 06/01/2006
  • Event Date 04/22/2006
  • Party 1 Brokerage Feil Organization, Jeffrey Management
  • Party 1 Broker Eric Derfner
  • Party 2 Savin Diamond
  • Party 2 Brokerage Adams & Company
  • Party 2 Broker Jeff Schwartz, Jon Fein
notes
National distributor and wholesaler of diamonds doubled its space in the move.

04/01/2013
The smaller (and cheaper) Grand Central submarket, with only 16 percent of the city’s office inventory, saw 28 percent of Manhattan’s 25 largest deals, the study found. For example, the financial research company Value Line in February leased some 44,000 square feet at 485 Lexington Avenue in the Grand Central submarket, according to CoStar, while the fragrance maker Inter Parfums signed a deal for 42,740 square feet at 551 Fifth Avenue...