RKF Named Exclusive Retail Leasing Agent for ELAD Properties for 225 Fifth Avenue and 49 East 21st Street
03/11/2005
03/11/2005
NEW YORK, NY — Robert K. Futterman & Associates, LLC (RKF), the nation’s leading independent real estate firm specializing in retail leasing and investment sales, has been selected as exclusive retail leasing agent by Elad Properties for two properties in Manhattan. The buildings, 225 Fifth Ave., and 49 E. 21st St., contain a total of 43,733 square feet of retail space.
Robert K. Futterman, chairman and CEO, and Ariel Schuster, managing director, with RKF will lease both of these projects.
Futterman and Schuster are leasing a total of 36,933 square feet of retail space at 225 Fifth Ave., the former Gift Building. The property, located on Fifth Avenue between 26th and 27th streets and adjacent to Madison Square Park, encompasses 23,400 square feet of retail space on the ground floor and 13,533 square feet on the lower level. RKF will market the retail space to a mix of retailers that will provide amenities to not only the building, but also the surrounding area. Ownership is seeking a high-end restaurant to anchor the project.
The RKF team is also leasing 6,800 square feet at 49 East 21st St., located between Park Avenue South and Broadway in the Flatiron district. The retail space entails 5,000 square feet on the ground floor and 1,800 square feet in the basement. Elad Properties converted the former office building to luxury condominiums.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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Robert K. Futterman, chairman and CEO, and Ariel Schuster, managing director, with RKF will lease both of these projects.
Futterman and Schuster are leasing a total of 36,933 square feet of retail space at 225 Fifth Ave., the former Gift Building. The property, located on Fifth Avenue between 26th and 27th streets and adjacent to Madison Square Park, encompasses 23,400 square feet of retail space on the ground floor and 13,533 square feet on the lower level. RKF will market the retail space to a mix of retailers that will provide amenities to not only the building, but also the surrounding area. Ownership is seeking a high-end restaurant to anchor the project.
The RKF team is also leasing 6,800 square feet at 49 East 21st St., located between Park Avenue South and Broadway in the Flatiron district. The retail space entails 5,000 square feet on the ground floor and 1,800 square feet in the basement. Elad Properties converted the former office building to luxury condominiums.
The country's leading independent real estate firm specializing in retail leasing and investment sales, New York-based Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $1.75 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities in New York City, its suburbs and throughout the United States for leading American and international chains, retailers, developers and institutional clients.
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