PEI Group Signs 10-Year Lease For Midtown Office Space At 530 5th Avenue

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.