Commercial real estate data provider Real Capital Analytics has signed a 10-year, 16,282-square-foot lease at 110 Fifth Avenue. Asking rent at the Midtown South building, which is now 100 percent leased, is $65 per square foot.
“Real Capital Analytics is expanding and is now able to plan for future growth over the next several years while containing their occupancy to one floor,” said Adam Ardise, senior vice president of Cassidy Turley, who represented the tenant, in a prepared statement. “After an extensive search, RCA decided to sign at the first property we ever toured, in part because of its great location and in part because of the Stanford White architectural design.”
Founded in 2000, Real Capital Analytics operates offices in New York, San Jose and London. The company will relocate its New York office from 139 Fifth Avenue to an open floor plan space at 110 Fifth Avenue.
“With this move we were also able to achieve our goal of having every employee on one floor,” added Robert M. White, Jr., founder and president of Real Capital Analytics, in a statement. “This new space fits our culture, and allows us to be in an environment that caters to our employees.”
The 11-story property at 110 Fifth Avenue was built in 1888 and designed by architect Stanford White. The building’s tenant roster includes H&M, Town Residential, Joe Fresh and Wellcare.
Mr. Ardise represented the tenant alongside Daniel Thompson. Richard Bernstein and Ralph Giordano, also of Cassidy Turley, represented the landlord, Rabina Properties and Samson Management LLC.
The lease was first reported earlier today by The Wall Street Journal.