NEW YORK CITY, NY – March 1, 2012 – (RealEstateRama) — Cushman & Wakefield has been appointed the leasing and managing agent of W&H Properties’ 501 Seventh Avenue, effective today, announces Anthony Malkin, president of Malkin Holdings, which supervises W&H Properties.
Harry F. Blair and Sean Kearns, senior director and director of Cushman & Wakefield, respectively, will lead the firm’s leasing team at 501 Seventh Avenue. The two real estate veterans already head up leasing at another W&H property: 250 West 57th Street.
“501 Seventh Avenue and 250 West 57th Street have received tremendous investment in top-to-bottom upgrades. We have had good success with their transformations,” says Mr. Malkin. “Harry and Sean are already doing a great job highlighting the qualities of these outstanding Pre-War Trophies to more and better members of the brokerage community. We’re very happy to be working with them and are enjoying the results of their efforts.”
Bill Feeks, the current property manager of 501 Seventh Avenue, will continue in that role, and is also now the property manager of W&H’s 112 West 34th Street.
“Bill has done a great job in the years he’s been with W&H,” says Mr. Malkin. “The tenants at 112 West 34th Street will appreciate his hands-on leadership, as the tenants at 501 Seventh Avenue do.”
Located at West 37th Street, steps from Penn Station, 501 Seventh Avenue comprises 18 stories and approximately 500,000 square feet of modern office and showroom space. The building offers convenient access to the Long Island Railroad, New Jersey Transit and Amtrak at Penn Station, Port Authority Terminal, the PATH, 11 subway lines and all major bus lines.
501 Seventh Avenue is the recipient of two prestigious Building Owners & Managers Association New York (BOMA/NY) Pinnacle Awards: Operating Office Building of the Year in 2007 and Renovated Building of the Year in 2006. A $53 million upgrade program that led to the latter included a fully renovated lobby, new elevators and windows, renovated air-conditioned public corridors and restrooms, and upgraded building-wide systems, including state-of-the-art electrical, plumbing, HVAC and security.
Part of the W&H Properties Pre-War Trophy office portfolio, the property is supervised by Malkin Holdings LLC, one of New York City’s most financially stable ownerships. W&H Properties is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.
Available suites at 501 Seventh Avenue range from 1,500 square feet to 13,500 square feet.
Broker commissions are paid in full at lease signing.