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Third Ave. is unlikely investor hotspot as Manhattan’s core leases up

Third Ave. is unlikely investor hotspot as Manhattan’s core leases up

Third Avenue was never a first for tenants. But as Class A office towers along Fifth, Sixth, Madison and Park avenues lease to capacity, Third is becoming a respectable finish. “All of a sudden there’s a new focus on Third Avenue, not only by the owners, but by the tenancy,” said Dan Shannon, an architect who heads MdeAS....

Third Avenue was never a first for tenants. But as Class A office towers along Fifth, Sixth, Madison and Park avenues lease to capacity, Third is becoming a respectable finish. “All of a sudden there’s a new focus on Third Avenue, not only by the owners, but by the tenancy,” said Dan Shannon, an architect who heads MdeAS….

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