Avison Young arranges 6,577 s/f lease for Raiden

Manhattan, NY Avison Young has arranged a 6,577 s/f full floor lease on behalf of Raiden Electric at 45 W 45^th St. in Midtown. The privately owned Local Union #3 I.B.E.W. electrical contractor MBE signed a 10-year lease for the entire 15^th floor, relocating and expanding from 11 Bdwy.

The transaction reflects Raiden Electric’s continued growth and long-term commitment to New York City, with the new space offering increased efficiency, enhanced visibility and improved access to clients across the city.

Avison Young senior director Patrick Steffens and principals Martin Cottingham and Michael Gottlieb represented Raiden Electric. Cushman & Wakefield’s Harley Dalton, Pierce Hance and Samantha Perlman represented the landlord, AFIAA.

“This relocation marks a significant step forward for Raiden Electric as they expand into a space that better aligns with the scale and sophistication of their operations,” said Steffens. “Securing a full-floor presence in Midtown provides the company with the flexibility to grow, while enhancing connectivity to key clients and major transit hubs.”

Located in Midtown Manhattan’s Central Business District, 45 West 45^th St. offers access to the city’s transportation network and is a five-minute walk from Grand Central Terminal. Originally constructed in 1923, the 133,100 s/f building has been enovated to meet the needs of modern tenants while maintaining its historic character.