Investment firms renews Plaza District lease

Transwestern’s New York City office announced it represented Williams, Jones & Associates in a lease renewal and expansion at 717 Fifth Avenue in Manhattan’s Plaza District submarket.
The expanding New York City investment management firm will increase its space in the building by moving to the 11th floor and occupying a total of 13,581 s/f.
“Williams Jones has been a long-time occupant of 717 Fifth Avenue,” said Lindsay Ornstein, principal at Transwestern.
“When their occupancy needs changed and they required additional space, the building owner worked with us to relocate the firm within the building and accommodate their growth.”
“The firm has continued to grow, and we are pleased with the efforts of Transwestern and Equity Office Properties to accommodate this growth and enable us to remain in the building for a third decade,” said William P. Jones, Jr., chairman of Williams Jones.
Built in 1958, 717 Fifth Avenue is a 468,000 s/f, Class A office building. Located at the southeast corner of East 56th Street and 5th Avenue, the 26-story building provides amenities such as 24/7 building access, a restaurant, a new lobby with dual access and views of Central Park.
Ornstein and Patrick Robinson of Transwestern represented Williams Jones in the transaction. Zachary Freeman, Stephen Winter, Ryan Alexander, Brian Hay and Robert Stillman of CBRE represented Equity Office Properties.