Hertz Herson Signs Full Floor Lease at 575 Lexington Avenue


Prominent Accounting Firm Relocating to Prestigious Midtown Office Tower

The ownership of 575 Lexington Avenue, led by George Comfort & Sons, announced today that Hertz Herson CPA LLP has signed a new 12-year, 9,763 square-foot lease at the class-A office tower in Manhattan’s Plaza District.

Founded in New York City in 1931, Hertz Herson is an accounting and consulting firm serving entrepreneurial businesses across multiple sectors in the greater New York area. The firm will move from 477 Madison Avenue to the entire 34th floor of 575 Lexington in the fourth quarter of this year.

“We are pleased to welcome Hertz Herson and know that its esteemed professionals will benefit from 575 Lexington’s contemporary environment and inspiring views,” said Peter S. Duncan, President and CEO of George Comfort & Sons. “This tower has long been a best-in-class Plaza District destination. With market activity picking up, it’s no surprise that it is generating increased interest.”

Ownership of 575 Lexington Avenue is comprised of a joint venture that includes George Comfort & Sons, Angelo Gordon & Co. and one of several funds advised by CREM, a subsidiary of Columbia Property Trust. Located in the heart of Manhattan’s vibrant Plaza District, the 35-story, 745,000 square foot office tower is surrounded by Midtown’s corporate headquarters, fine dining establishments, and vast retail options.

“575 Lexington’s location and optionality within the building continue to be a draw for top-tier tenants,” said Paul Teti, Executive Vice President of Real Estate Operations at Columbia Property Trust. “We’re excited to build a relationship with Hertz Herson and bring their innovative spirit as they join the tower’s tenant roster.”

575 Lexington Avenue boasts flexible layouts, airy spaces filled with light, on-site parking, a health club, and childcare. Transportation is easily accessible, with Grand Central Terminal a few short blocks away and three subway lines just around the corner. Notable tenants at the building include Cornell University, Lively Group and Warshaw Burstein.

Hertz Herson was represented in the transaction by Michael Wellen and Stephen Siegel of CBRE. The landlord was represented by Ben Shapiro, Alex Leopold, Michael Shenfeld and David Falk of Newmark Knight Frank.

About Angelo, Gordon & Co.

Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $28 billion with a primary focus on credit and real estate strategies. Angelo, Gordon has over 420 employees, including more than 160 investment professionals, and is headquartered in New York, with associated offices elsewhere in the US, Europe and Asia. For more information, visit  www.angelogordon.com.

About Columbia Real Estate Management

CREM, a wholly owned subsidiary of Columbia Property Trust, Inc. (“Columbia”), is advisor to several funds that were formerly advised by Normandy Real Estate Management, a former real estate developer, owner and manager, and fund manager that was acquired by Columbia in January 2020. Columbia also serves as general partner for these funds and is a joint venture participant with certain of these funds in several development and re-development projects. For more information, please visit  www.columbia.reit/funds.

About George Comfort & Sons

Founded in 1919, George Comfort & Sons, Inc. specializes in acquisitions, asset and property management and brokerage, and offers full service leasing, construction, finance and development capabilities. It owns and operates a commercial real estate portfolio in excess of 13.5 million square feet. In addition to its New York headquarters, it has offices in Purchase, NY and Stamford, Conn. For more information about George Comfort & Sons, Inc., please visit  www.gcomfort.com.

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