News: Brokerage

The Feil Organization leases 5,348 s/f

Manhattan, NY The Feil Organization said that Foundry Learning Center has expanded its footprint at Four Park Ave. by an additional 5,348 s/f and extended its existing lease, now occupying the entire third floor for a total of 20,600 s/f. This expansion marks a milestone for Feil, as it achieves 100% occupancy for the retail program at Four Park Ave., a multifamily property in Murray Hill.

“Fully leasing Four Park Avenue’s retail space reflects our long-standing commitment to assembling a high-quality tenant mix rooted in long-term collaboration,” said Andrew Wiener, head of commercial leasing at The Feil Organization. “Foundry Learning Center’s decision to expand and extend its lease underscores the strength of our partnership and validates the success of our recent capital improvements.”

Formerly the Vanderbilt Hotel, Four Park Ave. offers access to Grand Central Terminal, Penn Station and the 6 train. Following multi-million-dollar renovations, the residential building now features upgraded studio and one-bedroom apartments with high-quality finishes and modern amenities. Current retail tenants include Champion Parking, Duane Reade, Wolfgang’s Steakhouse and Empire State University.

Feil was represented in-house by Andrew Wiener and Robert Fisher. Foundry Learning Center was represented by Clint Dewey from Colliers.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.