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Octus Signs Lease For 43000 Square Feet Office Space At 295 5th Avenue, New York City

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LEASED
Hayden Pascal
Peter Turchin
+ 7

New York

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Office43,000 SF
Leased 03/31/2025
the dealplayerscompscontact
Property Image
LEASED

Octus Signs Lease For 43000 Square Feet Office Space At 295 5th Avenue, New York City

295 5th Avenue

See Similar Deals
Office43,000 SF
Leased 03/31/2025
Hayden Pascal
Peter Turchin
+ 7
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:43,000 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 295 5th Avenue in the New York City market. The total square footage of the property is 43,000 square feet, which is being leased. The lease date is set for March 31, 2025.

Summary of transaction details:

This transaction features key individuals such as Taylor Bell representing the tenant Octus, along with multiple representatives from CBRE, including David Hollander, Mary Ann Tighe, Peter Turchin, Brett Shannon, and Liz Lash, who represent the landlord consortium consisting of Tribeca Investment Group, PGIM Real Estate, and Meadow Partners. Hayden Pascal also served as the broker in this deal.

Players

David Hollander
12 deals
BROKER

Brett Shannon
CBRE
11 deals
BROKER

Taylor Bell
Colliers
9 deals
BROKER

Peter Turchin
CBRE
17 deals
BROKER

Hayden Pascal
CBRE
11 deals(212) 895-0930
BROKER

Mary Ann Tighe
CBRE
31 deals$1.1B volume(212) 984-8128
BROKER


Jeffrey M. Kaplan
Meadow Partners
9 deals$921.4M volume
LANDLORD

Cathy Marcus
PGIM
31 deals$2.6B volume
LANDLORD

Raimondo Amabile
PGIM
8 deals$643.7M volume
LANDLORD

Details

LEASED
IMAGE: David Hollander, Brett Shannon, Kent Collier, Taylor Bell, Raimondo Amabile, Cathy Marcus, Jeffrey M. Kaplan, Mary Ann Tighe, Liz Lash, Hayden Pascal & Peter Turchin DATE: 03/31/2025 ADDRESS: 295 5th Avenue MARKET: NoMad ASSET TYPE: Office ~ SF: 43,000 LANDLORD: Tribeca Investment Group, Raimondo Amabile & Cathy Marcus - PGIM Real Estate (@PGIM) & Jeffrey M. Kaplan - Meadow Partners TENANT: Kent Collier - Octus LANDLORD'S REP: Brett Shannon, David Hollander, Liz Lash, Mary Ann Tighe (@MaryAnntighe), Peter Turchin & Hayden Pascal - CBRE (@CBRE) TENANT'S REP: Taylor Bell - Colliers (@ColliersInternational) NOTE: Octus, formerly Reorg, signed a 43,000-square-foot lease at 295 Fifth Avenue to relocate its NYC headquarters from 11 East 26th Street.

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Deal Type
Effective Rent (Annual)

$2,464,734.05

Total Lease Value

$24,647,340.52

Net Landlord Cash Flow$2,464,734.05