555 Fifth Avenue
After outgrowing its Madison Avenue digs, communications equipment maker Harris Corporation is moving uptown, where it hopes to be nearer to its client base. The company was also seeking a “higher image” building, which it apparently found at 555 Fifth Avenue, a 19-story Emery Roth & Sons-designed structure.
The Chicago-based UGL Equis represented Harris from its early site search and onward. “This is the right time to be in the market and Harris was pleased to find a space with existing conditions so closely matching their preferred space program,” said Tadd Wisinski, a broker on the 17,460-square-foot deal. “Marrying those conditions with aggressive economics made it a home run for the tenant and provided the landlord with a credit-worthy income stream difficult to find in today’s environment.”
David Starr of UGL also represented Harris. Building owner Atco Properties & Management was repped in-house by Peter Goldich.
GlobeSt had news of the deal on Feb. 22.