Helmsley Spear arranges lease For 420 Fifth Ave. with City Souvenirs USA

Manhattan, NY Helmsley Spear, LLC has represented City Souvenirs, USA in the new lease located at 420 Fifth Ave. The space covers 2,240 s/f of rentable retail s/f.

Helmsley Spear’s Showket Ahamed, Associate Broker, represented the tenant, City Souvenirs in this transaction. City Souvenirs signed a lease for a term of ten years with one five-year option to renew. 420 Fifth Avenue is a Class mixed use office and retail building. It is strategically located on Fifth Avenue and 38th Street, near Grand Central and Penn Stations.

The landlord, Dryland Properties LLC. c/o Heritage Realty Services, LLC., was represented by its President & CEO George Constantin.

“This has truly been a wonderful achievement bringing a ten-year lease to this vibrant Midtown Fifth Avenue location. And, as New York City continues to rebound, I have been proud to represent City Souvenirs, USA , in this transaction,” said Showket Ahamed.