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Sotheby’s Institute of Art Renews Midtown Lease with Feil Organization

The Feil Organization secured a 10-year lease renewal with Sotheby’s Institute of Art, which is based at 570 Lexington Ave. with a 19,436-square-foot space across the entire sixth floor. Sotheby’s Institute of Art is part of BrandEd, a leading provider of industry-immersive education.

A global leader in art and luxury business education, Sotheby’s Institute has been a tenant at 570 Lexington for the past 18 years and will invest in modernizing its administrative offices and classrooms on the sixth floor.

“We’re thrilled that Sotheby’s Institute of Art has chosen to remain at 570 Lexington for the long term,” said Andrew Wiener, head of commercial office leasing at The Feil Organization. “Their commitment to renewing and modernizing their space is a testament to the building’s premier location and the strength of our relationship with the tenant.”

Feil was represented in-house by Weiner, Tim Parlante and Kyle Young. Brad Needleman and Matt Augarten from Newmark represented Sotheby’s Institute of Art.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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