Newmark Secures Vita Coco's New Headquarters with a 10-Year Lease at 111 Fifth Avenue

October 3, 2024 1:30 PM

Newmark announces the firm has secured a 22,530-square-foot lease for Vita Coco at 111 Fifth Ave in Manhattan. The new space will serve as the leading coconut water beverage's new headquarters under a 10-year lease. Newmark's Executive Managing Director Rob Silver and Managing Director Anthony Sciacca represented the landlord, The Winter Organization.

"Vita Coco will make a great addition to 111 Fifth Avenue. They were particularly attracted to the penthouse amenity floor, which is opening in 2025 and will feature incredible outdoor space as well as interior meeting and lounge areas that can be enjoyed by all tenants in the building," said Silver. "This space will provide an exceptional environment for their team. We look forward to continuing our long-term relationship with the Winter Organization."

Vita Coco, known for its commitment to high-quality coconut water sourced from the best coconuts around the world, is poised to thrive in its new location, which will enhance its operational capabilities and foster a collaborative work environment.

The Winter Organization is a prominent real estate investment and management firm with a rich history of developing and managing high-quality commercial properties throughout New York City. The firm has updated the 235,000-square-foot, 13-story property with prebuilt spaces and a beautifully updated lobby.

The tenant was represented by CBRE's Jason Frazier and Jesse de la Rama.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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