461 5th Ave. 100% occupied - commercial space leased in New York, New York

Real Estate Weekly, Dec 2, 1992

With the November opening of the new flagship shop for gourmet food purveyor Devon & Blakely at 461 Fifth Avenue, all the retail space for the first-class commercial tower is 100 percent leased, announced Rob Nager, director of Retail Leasing for Abrams Benisch Riker, Inc./Colliers International Property Consultants, exclusive leasing and managing agents.

The long-term lease for approximately 2,000 square feet has an aggregate rental in excess of $2.5 million, reports Nager, who negotiated the lease on behalf of both the owner Mitsui Fudosan (New York), Inc., and the tenant, Devon & Blakely.

Devon & Blakely lease also brings the entire 26-story tower to 100 percent occupancy. Considered one of Manhattan's more successful new projects, the award-winning tower achieved virtually 100 percent occupancy of its commercial office space within one year of opening.