Skechers a shoe-in for 15-year deal on Fifth Avenue
January 7, 2015

...Upstairs at 475 Fifth, companies are racing to get into the newly renovated building, across from the Library and Bryant Park.

We hear that Jay Penske’s Penske Media Corp. is leasing 56,000 square feet for a headquarters office on the second, third, 14th and 16th floors.

The 14th floor has a spectacular terrace overlooking the Library that was being used as a showcase by the building.

The global media company will be consolidating there from both Tower 45 at 120 W. 45th St. and 750 Third Ave.

The son of racing great Roger Penske, Jay lapped up Fairchild Publishing last year from Condé Nast. He now owns prominent media brands that include Variety, WWD, Hollywood, various award shows, and his own racing team, Dragon Racing.

Swanke Hayden Connell designed the new lobby, elevators, hallways and bathrooms.

Office leasing is being handled by the JLL team of Douglas Neye, Cynthia Wasserberger, Shawna Menifee, Frank Doyle and Dan Santagata.

Another firm moving to 475 Fifth is VOA Architecture, which inked a deal for the full 12th floor of 15,375 square feet.

That firm will be relocating from the Flatiron District at 27 W. 20th. Greg Taubin of Savills Studley represented the firm. Asking rents there range from the mid-$70s per square foot to the low $100s per square foot at the penthouse...

Skechers a shoe-in for 15-year deal on Fifth Avenue

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