CBRE complete four new office leases at 565 Fifth Avenue

Manhattan, NY CBRE has completed four new office leases at the Class A office property at 565 Fifth Avenue, with Cresset Capital Management, Palm Bay International, Evolution Credit Partners, and State Tax Law.

The CBRE team of Ed Goldman, Derrick Ades and Jared London represented the ownership, Stawski Partners, in lease negotiations. Palm Bay executed a lease for 11,419 s/f on the 12th floor, Cresset Capital signed a lease for 9,280 s/f on the 27th floor, State Tax Law leased 9,280 s/f on the 15th floor, and Evolution Credit Partners took 5,137 s/f in the property.

“Stawski Partners created an exquisite, new Building Installation Standard on the 21st floor of 565 Fifth Avenue. This high-end prebuilt enables future tenants to envision their new offices—that Stawski builds to suit based on each tenant’s specific program,” said Ades. “Businesses that desire to be proximate to Grand Central, in a boutique-sized building with stable ownership, will always be attracted to 565 Fifth Avenue as well as Stawski Partners’ neighboring 360 Madison Avenue.”

Thomas Hines and Lauren Davidson represented Cresset Capital Management from Transwestern, Brett Harvey of Newmark represented Palm Bay International, David Mosler and Theodora Livadiotis of Cushman & Wakefield represented Evolution Partners, and Greg Wang and Rob Wizenberg of JLL acted on behalf of State Tax Law.

565 Fifth Avenue is located on 46th Street with views of Fifth Avenue and Midtown.