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NEW YORK CITY - The entire 16th floor, totaling 26,000 square feet, has now become available at W&H Properties' 501 Seventh Avenue, announces Fred C. Posniak, senior vice president of W&H.
The floor comprises two spaces of 12,762 square feet and 12,983 square feet, which can be combined for up to 26,000 square feet on an efficient floor plate, and excellent views overlooking Seventh Avenue.
In addition, two separate high-end pre-built units are immediately available on the fourth floor - 2,833 square feet in suite 408, and 2,885 square feet in suite 414.
"These units are part of our small-suite program in the building - units between 1,000 and 3,000 that cater to either showroom or office use, have been painted and carpeted and are available for immediate occupancy," notes Mr. Posniak.
Finally, he points out, the building offers a two-floor block totaling 60,000 square feet, encompassing 30,000 square feet each on the eighth and ninth floors, as well as a special three-level corner retail branding opportunity, totaling up to 8,400 square feet.
"All of our space offers the signature W&H quality and service that our tenants have become used to," adds Mr. Posniak.
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 owned by 501 Seventh Avenue Associates LLC, a partnership led by Peter L. Malkin and Anthony E. Malkin, 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.
Broker commissions are paid in full at lease signing.
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