Out of the top 50 commercial office leases that were signed in Manhattan back in 2007, the 6th largest was secured by advertising and marketing firm Grey Global Group for a new 370,000-square-foot headquarters at L&L Holding Company's 200 Fifth Avenue. (You may recall that for both calendar years 2007 and 2008, we identified commercial leases that were secured in green buildings, LEED-certified or otherwise, from CoStar's list of the 50 largest deals of the year here in New York City). Last week, Grey actually moved into its new space at 200 Fifth Avenue, where L&L continues to seek formal LEED for Core and Shell certification from USGBC in connection with its $100 million renovation effort of the 100-year old, 15-story tower, which was formerly known as the International Toy Center and designed by Maynicke & Franke.
Green design features include an efficient glass curtain wall and HVAC system, a 6000-square-foot bamboo-filled courtyard garden, and a green roof. The terra cotta tower also features hanging gardens that extend from its original setbacks and are maintained with a graywater system. Extensive natural daylight penetrates the Toy Building's interiors, while common areas are illuminated with an LED lighting grid. Grey's lease across the 2nd through 6th floors is for a term of 15 years.
On another note, as some of you know, I will be getting married later this week. While I've been preparing for the wedding, our new Senior Editor, David Roth, has been doing most of the work around here, and I'd like to thank him for his efforts. David is a great addition to the gbNYC team and we're thrilled to have him on board, especially during the past few weeks while I've been under water. I'll be back with you full-time after Thanksgiving; in the interim, please send tips and items of interest to David at david@gbnyc.com.
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