Terra Cotta

Terra Cotta

Grey Global Moves Into LEED-CS-Hopeful Toy Building at 200 Fifth Avenue

Mon

Nov

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.

TD Bank Inks 20-Year Lease at Historic LEED Gold-Hopeful Argonaut Building

Tue

Aug

by Stephen Del Percio

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TD Bank has signed a 20-year commercial lease at M1 Real Estate's 10-story Argonaut Building at 224 West 57th Street and Broadway in Midtown. The historic tower was landmarked by the city back in 2000 and was initially built in 1909 as the headquarters for General Motors. M1 is currently seeking LEED Gold certification for the tower in connection with $45 million in ongoing renovations designed by Gensler. Its 4700-square-foot deal with TD Bank leaves around 15,000 square feet of retail space left across the tower's lower three floors; 135,000 square feet of Class A office space above is still available. The neo-Gothic, terra cotta tower was named for GM's real estate holding company and was also the home to Hearst prior to that company's move one block west to its LEED Gold-certified headquarters on Eighth Avenue. Cushman & Wakefield represented TD Bank with FirstService Williams for M1.