S.Vinodkumar USA Renews Lease At 521 5th Avenue In Midtown Manhattan

The office property located at 521 5th Avenue in Midtown Manhattan was subject to a lease renewal transaction involving tenant S.Vinodkumar USA Inc. and landlord Savanna, represented by Avi Ben-Ishay of Eastwood Capital Properties and Timothy Freydberg of CBRE, respectively. The lease term spanned 7 years with an asking rent of $68 per square foot for the 15,113 square feet space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Applicable
• Address: 521 5th Avenue
• Market: Midtown Manhattan
• Tenant: S.Vinodkumar USA Inc.
• Landlord: Savanna - Christopher Schlank
• Tenant's Rep: Avi Ben-Ishay - Eastwood Capital Properties
• Landlord's Rep: Timothy Freydberg - CBRE
• Asking Rent: $68/ft
• Lease Type: Lease Renewal
• Lease Term: 7 years

Avi Ben-Ishay of Eastwood Capital acted as the tenant's representative during the lease renewal negotiations, while CBRE represented Savanna in the transaction.