17Capital Signs Long-Term Lease For Office Space At 452 5th Avenue In Midtown Manhattan

The property involved in this transaction is located at 452 5th Avenue in Midtown Manhattan, comprising office space with a total square footage of 16,298. The asking rent for this office asset is $160 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $160/ft
• Address: 452 5th Avenue
• Market: Midtown Manhattan
• Asset Size: 16,298 square feet
• Landlord: Property & Building Corporation
• Tenant: 17Capital
• Landlord's Representative: Benjamin Bass, Kate Roush, Kristen Morgan & Paul Glickman - JLL
• Tenant's Representative: David Mainthow & Troy Elias - Cushman & Wakefield

This lease was secured as private equity firm 17Capital transitions its New York City office to the 29th floor of the building, entering into a long-term agreement.