A Fresh Take on CRE

Property Spotlight - 551 Fifth Avenue - Facebook Sublet

In an effort to move this blog in a new direction, I've decided to start highlighting some of the buildings and sublease properties that I represent. Since it appears that this space will likely have a "sublease out" this week . . . meaning that a sublease will be drafted for comments and signature, I will start off with a Sublet from Facebook at 551 Fifth Avenue.

As everyone knows, Facebook is rapidly growing throughout the world. In New York, Facebook has a relatively small presence as compared to its headquarters in Palo Alto. Nonetheless, the New York sales team outgrew its old space in 551 Fifth Avenue. Our team at Grubb & Ellis had the privilege of moving them into new space more than twice the size on Madison Ave., and we're now subleasing their old space through the remainder of the term.


Here's the skinny on the space. If you're interested in it, let me know quickly! Click here to download a PDF flyer.


Building: 551 Fifth Avenue

Rental Rate: Upon request
Size: 5,308 SF - Partial 6th Floor
Term: Through June 29, 2012
Possession: Immediate

Space Features:
- Fifth Avenue exposure
- Move-in condition
- Financially strong sublessor

Building Features:
- New York City Landmark Building
- EnergyStar certified
- Centrally located - close to Grand Central, Times Square and nearly all subway lines

http://feeds.feedburner.com/Brokered-ThoughtsOnNycCommericalRealEstate