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Deals & Dealmakers

Helmsley Spear Announces New Lease for 420 Fifth Avenue with City Souvenirs USA, in Prime Midtown Location

 Helmsley Spear, LLC, America’s oldest continuously operating real estate firm founded in 1866, is pleased to announce that the firm has represented City Souvenirs, USA, a prime attraction for tourists, visitors, and New Yorkers as well.  The new lease is located at 420 Fifth Ave in midtown, Manhattan.  The space covers 2,240 square feet of rentable retail square feet.  The announcement was made by Kent M. Swig, President of Helmsley Spear, LLC.

Helmsley Spear’s Showket Ahamed, Associate Broker, represented the tenant, City Souvenirs in this transaction. City Souvenirs signed a lease for a term of ten years with one five-year option to renew. 420 Fifth Avenue is a Class mixed use office and retail building. It is strategically located on Fifth Avenue and 38th Street, near Grand Central and Penn Stations. 

The landlord, Dryland Properties LLC. c/o Heritage Realty Services, LLC., was represented by its President & CEO George Constantin. 

“This has truly been a wonderful achievement bringing a ten-year lease to this vibrant Midtown Fifth Avenue location. And, as New York City continues to rebound,  I have been proud to represent City Souvenirs, USA ,  in this transaction,” said Showket Ahamed.  

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