News: Brokerage

The Feil Organization secures over 83,000 s/f in leasing at 570 Lexington Ave.

Manhattan, NY The Feil Organization has completed 83,673 s/f of leasing activity throughout 2025 at 570 Lexington Ave. Within the activity, new leases totaled 25,816 s/f, and renewals included 57,857 s/f.

Most recently, the Feil Organization signed Gretchen Schumann to a new seven-year lease for 4,338 s/f on the 33rd floor. Jonathan Schindler and Troy Elias from Cushman & Wakefield represented Gretchen Schumann. Additional lease activity throughout the year includes: 

• Alcova Capital Management – 43rd floor – 4,081 s/f (renewal)

• Amvest – 37th floor – 4,079 s/f (new)

• Asset TV – 20th floor – 7,750 s/f (renewal)

• Carrera Willowbridge Capital – 31st floor – 4,320 s/f (renewal)

• CP Capital – 46th floor – 3,939 s/f (new)

• Globex – 30th floor – 4,320 s/f (renewal)

• Gretchen Schumann – 33rd floor – 4,338 s/f (new)

• Institute of Art – New York LLC – 6th floor – 19,436 s/f (renewal)

• Lucid Capital – entire 41st floor – 8,156 s/f (expansion)

• Opici Family Distributing – 25th floor – 5,304 s/f (new)

• Quad Partners – 30th floor – 4,123 s/f (renewal)

• The City of New York (DCAS) – 47th floor – 3,882 s/f (renewal)

• The Roosevelt Institute – partial 5th floor – 6,610 s/f (renewal)

• Ziegler Ziegler – 24th floor – 3,335 s/f (renewal).

The Feil Organization was represented by Andrew Wiener, Tim Parlante and Kyle Young in all transactions.

“570 Lexington Avenue remains a cornerstone of our portfolio, and the current leasing momentum reflects its strong position in Midtown’s competitive market,” said Andrew Wiener, head of commercial office leasing at the Feil Organization. “By combining strategic upgrades with personalized tenant support, we’re proud to offer a space that truly meets the evolving needs of today’s businesses.”

Built in 1932, 570 Lexington Ave. is a 450,622 s/f landmarked skyscraper, located in Midtown Manhattan with close proximity to public transportation and is a short walk from Grand Central Terminal. Along with offering Schnipper’s and an incoming HF Food Hall at the base of the building, 570 Lexington Ave. is surrounded by a world-class selection of corporate landmarks, restaurants, hotels and cultural destinations. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,