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

Summary

Lease

NEW YORK

Office

22,763 sqft

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.

Details

Deal Summary

LEASED

IMAGE: Harrison Potter, Diana Biasotti, Paul Glickman, Greg Wang, Axel Stawski, Alex Redlus, Pascal Houdayer, Kirill Azovtsev, James Wenk & Shay Bolton DATE: 11/21/2023 ADDRESS: 579 5th Avenue MARKET: Midtown Manhattan ASSET TYPE: Office LANDLORD: Axel Stawski - Stawski Partners TENANT: Pascal Houdayer - Orveon (@OrveonGlobal) LANDLORD'S REP: Diana Biasotti, Greg Wang, Harrison Potter & Paul Glickman - JLL (@JLL) TENANT'S REP: Alex Redlus (@AlexRedlus), James Wenk, Kirill Azovtsev & Shay Bolton - Savills (@Savills) ASKING RENT: $65/ft ~ SF: 22,763 LEASE TERM: Six-years NOTE: Orveon, backed by private equity firm Advent International, has secured a six-year lease for 22,763 square feet at 579 Fifth Avenue, marking a move from its current WeWork space at 500 Fifth Avenue.

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Address579 5th Avenue

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