Dan Shannon, Managing Partner, Speaks with the New York Post about Third Avenue

Dan Shannon, Managing Partner, spoke with the New York Post about Third Avenue as an unlikely investor hotspot. Many office buildings on the avenue are "right-sized" for accounting, law firm and health care use with 500,000 to 800,000 square feet.

“All of a sudden there’s a new focus on Third Avenue, not only by the owners, but by the tenancy,” said Shannon. “We studied one for a conversion to residential that looked very good and during that study it started leasing again as a commercial office building.”

The article notes four MdeAS projects on Third Avenue, including recently completed 685 for BGO (pictured here) and 885 for SL Green Realty Corp. (aka the Lipstick Building), as well as current renovations at 777 and 850.

Read the full article in the New York Post.