LEASED
PEI Group Signs 10-Year Lease For Midtown Office Space At 530 5th Avenue
530 5th Avenue
Office
14,341 SF
14,341 SF
Leased 295 days ago
Summary
Lease
NEW YORK
Office
14,341 sqft
The PEI Group, a business media company, has signed a 10-year lease for office space in Midtown's 530 Fifth Avenue, doubling its current office space. The new offices, located on the 14th floor, will span 14,341 square feet and offer amenities. The proximity to Grand Central Terminal was also a factor in the company's decision to lease this space. The lease was brokered by William Elder on behalf of the landlord, RXR.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 530 5th Avenue
- Market: Midtown
William Elder, representing RXR, brokered the 10-year lease deal for PEI Group at 530 Fifth Avenue. The deal allows the company to expand its office space and take advantage of the building's amenities. The location's proximity to Grand Central Terminal provides convenience for employees.
Players
Details
LEASED
IMAGE: John Ryan, Brooks Hauf, Patrick Steffens & Joseph Gervino
DATE: 04/21/2023
ADDRESS: 530 5th Avenue
MARKET: Midtown
ASSET TYPE: Office
LANDLORD: RXR (@One_RXR)
TENANT: PEI Group
BROKERS: John Ryan, Brooks Hauf (@Hobro_Hauf) & Patrick Steffens (@NYCRealEstate_Patrick) & Joseph Gervino - Avison Young (@Avison_Young_Global)
ASKING RENT: $85/ft. ~ SF: 14,341
LEASE TERMS: 10-year
NOTE: Business media company PEI Group has signed a 10-year lease to move its New York City offices to Midtown's 530 Fifth Avenue, doubling its office space. The new offices, which will span 14,341 square feet on the building's 14th floor, were chosen for their amenities and proximity to Grand Central Terminal, according to William Elder, who brokered the deal for landlord RXR.View on map
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Address530 5th Avenue
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