Real Estate Weekly
Image default
Deals & DealmakersFeatured

JLL brokers 43,000 s/f in leases at 505 Fifth Avenue

JLL has completed a total of 42,821 s/f of leasing in three transactions at 505 Fifth Avenue in Midtown Manhattan on behalf of building owner Stawski Partners.

Pharma firm Mesoblast Inc., signed for 16,052 s/f on the entire third floor; Brean Capital took 16,052 s/f on the entire fifth floor, and Brownstone Investment Group signed for 10,717 s/f on the entire 10th floor.

Constructed in 2006, 505 Fifth Avenue features glass curtain walls and views of Bryant Park and the New York Public Library, 13 ft. slab-to-slab ceiling heights, tenant-tailored air systems and a floor configuration with limited columns that allow for a variety of layout designs and full floor identity.

The 28-story, mixed-use tower is located adjacent to Bryant Park in the heart of Midtown, with numerous restaurants, hotels and amenities in the immediate area and within walking distance of Grand Central Terminal and Penn Station.

Paul Glickman, vice chairman and Diana Biasotti, senior vice president, Kyle Young, vice president and Kristen Morgan, associate vice president with JLL, represented owner Stawski Partners in all three transactions.

Matthew Astrachan, also vice chairman of JLL, represented Brean Capital, while Mesoblast and Brownstone Investment Group were represented by CBRE’s David Glassman and Silvio Petriello, respectively.

“This is an ideal property for prospective tenants seeking a high-quality space with superior access to talent, new construction/infrastructure and mass transit options,” Glickman said. “These leases highlight the enduring demand for space that benefits from the creative energy of New York City.”

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


AI and cloud adoption propel data center demand to record levels for 2023