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Ahead Expands Presence With Office Lease At 500 Fifth Ave In Manhattan

Property Image
LEASED
$95
Harry  Blair
Michael Poch
+ 2

New York

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Office16,486 SF
Leased 04/24/2024
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Property Image
LEASED

Ahead Expands Presence With Office Lease At 500 Fifth Ave In Manhattan

500 5th Avenue

See Similar Deals
Office16,486 SF
Leased 04/24/2024
Harry  Blair
Michael Poch
+ 2
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$95
Total Square Footage:16,486 SF
Transaction Type:Lease

The lease transaction involves a 16,486 square foot office space at 500 Fifth Ave., Manhattan, with an asking rent of $95 per square foot. The landlord, Moises Cosio, leased the office space to IT company Ahead. Cushman & Wakefield represented the landlord, while CBRE represented the tenant in the deal.

Summary of transaction details:

The IT company Ahead secured the lease for the office space at 500 Fifth Ave., further expanding its presence on Fifth Avenue. The deal, brokered by CBRE and Cushman & Wakefield, signifies a strategic move for both the landlord, Moises Cosio, and the tenant, positioning them for continued growth and success in the Manhattan market.

Players

Harry  Blair
15 deals
BROKER

Michael Poch
CBRE
3 deals(516) 761-2786
BROKER

Harly Stevens
CBRE
3 deals
BROKER


Details

LEASED
IMAGE: Michael Poch, Lauren Hale, Harly Stevens, Michelle Mean & Harry Blair DATE: 04/24/2024 ADDRESS: 500 5th Avenue MARKET: Manhattan ASSET TYPE: Office LANDLORD: Moises Cosio TENANT: Ahead LANDLORD'S REP: Harry Blair, Lauren Hale & Michelle Mean - Cushman & Wakefield (@CushWake) TENANT'S REP: Harly Stevens & Michael Poch - CBRE (@CBRE) ASKING RENT: $95/ft ~ SF: 16,486 NOTE: IT company Ahead has expanded its presence on Fifth Avenue, securing a lease for 16,486 square feet of office space at 500 Fifth Ave., Manhattan. The deal, with an asking rent of $95 per square foot, was brokered by CBRE for the tenant and Cushman & Wakefield for the landlord, Moises Cosio.

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Deal Type
Effective Rent (Annual)

$1,795,438.39

Total Lease Value

$17,954,383.86

Net Landlord Cash Flow$1,795,438.39