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Tuesday, May 22, 2012 Office
Cushman & Wakefield's Scott Latham, Richard Baxter, Jon Caplan and Ron Cohen represented Centurion who purchased the building in 2004 for $28 million from Italian designer Ermenegildo Zegna. The building at 743 Fifth Ave. rises ten stories and could be used for retail, office or residential. It sits between Bergdorf Goodman Men and Louis Vuitton's U.S. flagship store at the corner of Fifth Ave. and 57th Street. Centurion Realty is a privately owned real estate investment firm. The company owns, manages, develops and leases over four million square feet of retail, office and residential real estate across the United States. According to Cushman & Wakefield's annual retail report Main Streets Across the World, New York's Fifth Avenue is the most expensive shopping district in the world. Rents along the prime stretch between 49th and 59th Streets are averaging $1,500 per square foot. Hong Kong's Causeway Bay and Avenue Champs-Elysees in Paris round out the top three collecting $1,213 and $922 per square foot respectively. Address: 743 Fifth Ave., New York City, N.Y. Size: 10 story Built: 1915 Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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