facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

295 5th Avenue

Quinn Emanuel Urquhart & Sullivan Signs 132,000 SF Lease At 295 Fifth Avenue In Midtown Manhattan
LEASEDOffice

Quinn Emanuel Urquhart & Sullivan Signs 132,000 SF Lease At 295 Fifth Avenue In Midtown Manhattan

295 5th Avenue

Building Size

132,000 SF

Asset Type

Office

Closing

Nov 27, 2023

AI

The New York City headquarters of Quinn Emanuel Urquhart & Sullivan is set to move from 51 Madison Avenue to a new location at 295 Fifth Avenue in Midtown Manhattan. The law firm has signed a lease for 132,000 square feet of office space, spanning the eighth through 10th floors of the building. The property is owned by Tribeca Investment Group, PGIM Real Estate, and Meadow Partners.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Square Footage: 132,000
  • Address: 295 5th Avenue
  • Market: Midtown Manhattan

The deal was facilitated by CBRE brokers Brett Shannon, Cara Chayet, David Hollander, Greg Maurer-Hollaender, Hayden Pascal, Lewis Miller, Liz Lash, Mary Ann Tighe, and Peter Turchin. They represented both the landlord and the tenant in the transaction.

Players

Cara Chayet

CBRE

Broker

6 deals

Broker
PGIM
PGIM Lender
PGIM
PGIM Landlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93