Orveon Secures Six-Year Lease For Office Space At 579 Fifth Avenue In Midtown Manhattan

Axel Stawski's Stawski Partners has entered into a lease agreement with Pascal Houdayer's Orveon for a six-year term at 579 Fifth Avenue in Midtown Manhattan. The office space, spanning 22,763 square feet, comes at an asking rent of $65 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 579 5th Avenue, Midtown Manhattan
• Market: Midtown Manhattan
• Landlord: Axel Stawski - Stawski Partners
• Tenant: Pascal Houdayer - Orveon
• Landlord's Rep: Diana Biasotti, Greg Wang, Harrison Potter & Paul Glickman - JLL
• Tenant's Rep: Alex Redlus, James Wenk, Kirill Azovtsev & Shay Bolton - Savills
• Asking Rent: $65 per square foot
• Lease Term: Six years

Orveon, backed by private equity firm Advent International, has chosen to relocate from its current WeWork space at 500 Fifth Avenue to secure the 22,763 square feet lease at 579 Fifth Avenue.