Litton hits 25th year
November 10, 2003,
Claude Litton recently celebrated his 25th anniversary as president of Manhattan Properties Companies, the owner and manager of the 295 Fifth Avenue Textile Building.
Litton was appointed to his post when the original owner died and the family decided it didn't want to run day-to-day operations. At the time, Litton, a lawyer, was working for a bank on Wall Street.
When he became president, 295 had 80 tenants, only 50 of which were textile companies. Today, 295 – a 17-story building that was built in 1920 — has 165 textile firms.
"My business plan all these years has been to make this the number one textile building," Litton said. "I only want people who attract buyers to market."
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