Eli Elefant Of Property & Building Corporation Leases 122,000 SF Office To Baker McKenzie In Manhattan

The asset involved in this transaction is an office space located at 452 5th Avenue in Manhattan. The property measures 122,000 square feet and has an asking rent of $150 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $150/ft.
• Square Footage: 122,000
• Address: 452 5th Avenue
• Market: Manhattan
• Landlord: Eli Elefant - Property & Building Corporation (PBC USA)
• Tenant: Baker McKenzie
• Broker: JLL

The transaction showcases the growing presence of Baker McKenzie as it expands its footprint to 7.5 floors at the former HSBC tower, a site that has been recovering since HSBC's exit in 2024. The broker for this deal was JLL, facilitating the lease agreement between the involved parties.