When a financial services firm vacated the 29th floor of 950 Third Avenue earlier this year, the building’s owners, Naomi and Andre Althoz, deemed the space entirely unsalvageable.
“The landlord at that point demolished the floor and white-boxed it and turned it into a marketing center for the building,” said Mikael Nahmias, the Cushman & Wakefield (CWK) broker who, along with Jared Horowitz, acts as leasing agent for the East 57th Street building.
Within four months, however, executives at Coller Capital, a boutique private equities firm, came upon the 11,500-square-foot floor plate and its views of Central Park and the East and Hudson Rivers and made a decision to relocate from offices at 410 Park Avenue following an agreement by the landlord to custom-build the space to the tenant’s specific preferences.
After the jump, Mr. Nahmias reviews the plan with The Commercial Observer and discussed why officials at Coller Capital chose to ink a deal earlier this month at Naomi and Andre Althoz’s 32-story office tower.
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