NEW YORK–Claude Litton, president and chief executive officer of Manhattan Properties Company—owner and manager of showroom building 295 Fifth Avenue—will retire at the end of the year. Litton has managed the building for 32 years.
Litton said that his successor will be named next month.
“When I came to 295, there were 80 tenants and 50 were in the industry,” Litton said. “Today, it is the largest and premier industry building only leasing to well over 100 major home textile tenants.
Litton, a licensed attorney, began his career in real estate in 1960. He was a long-serving officer and director of Building Owners and Managers of New York, and has served as an arbitrator for the American Arbitration Association and the Real Estate Board of New York.