Stantec Renews 47,433-Square-Foot Office Lease At 475 Fifth Avenue With RFR Realty

The asset involved in this transaction is an office property located at 475 5th Avenue in Manhattan. The asking rent for the space is $95 per square foot, encompassing a total area of 47,433 square feet. The property has a well-defined market value within the prime office sector of Manhattan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $95/ft
• Square Footage: 47,433
• Address: 475 5th Avenue
• Market: Manhattan
• Landlord: Michael Fuchs & Aby Rosen - RFR Realty
• Tenant: Gord Johnston - Stantec
• Landlord's Representative: AJ Camhi - RFR Realty
• Tenant's Representatives: Justin Haber & Kyle Riker - JLL

Stantec has renewed its lease at the property, where it has been a tenant since 2014. RFR Realty has also launched a pre-built office program in the building, encompassing an additional 31,398 square feet of office space available for lease.