720 Fifth Avenue | TRD Research
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720 Fifth Avenue

720 Fifth Avenue
New York, NY 10019
Website
Office, Retail, Leasing/Rental
  • Address 720 Fifth Avenue
  • neighborhood Plaza District
  • borough Manhattan
  • owner Wharton Properties
  • owner entity 720 FIFTH SUB A LLC
  • floors 15
  • Year Built 1954
  • square feet 113,292
  • block and lot 1-01272-0034
  • BIN 1035051
  • Event Retail Leasing
  • Address 720 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,600
  • Publication Date 05/01/2017
  • Event Date 03/17/2017
  • Party 1 Robert Talbott, Inc
  • Party 1 Brokerage Colliers
  • Party 1 Broker Alexander Jinishian, Connor Sullivan
  • Party 2 HMS International Fabrics Corporation
  • Party 2 Brokerage CBRE Group
  • Party 2 Broker Ivan Hillman
notes
HMS International Fabrics Corporation, a wholesale fabric manufacturer, has subleased the part of the 9th floor from Robert Talbott, Inc.
  • Event Financing
  • Address 720 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 122,623
  • Price $ 165,000,000
notes
A $165 million first mortgage with a rate of 5.78 percent over a 10-year interest only term was secured for the property, which comprises approximately 100,000 sf square feet of class A office space and 23,000 square feet of retail space. A $35 million mezzanine loan from SL Green was arranged concurrently. comm. building.

11/11/2016
The Plaza District retail condo is home to the Abercrombie & Fitch flagship store, which Sutton signed to a lease in 2004 (the lease expires in 2018). The 720 Fifth Avenue financing also included a mezzanine piece from SL Green, a co-owner of a number of Sutton’s properties including this one, in the amount of $33.75 million...

05/01/2014
The same two partners also nabbed the No. 4 spot on the ranking with 720 Fifth Avenue and the adjacent 724 Fifth Avenue, both diagonally across the street from 717 Fifth...

12/01/2012
Frankel sold the building for $223 million in late January to a partnership of Jeff Sutton and SL Green Realty, who together own the neighboring building at 720 Fifth Avenue...

12/01/2011
Sutton is known for buying properties to create new opportunities. And one source pointed out that he controls neighboring 720 Fifth Avenue, where Abercrombie & Fitch has a lease that expires in 2018...