The Moinian Group inks 95,000 s/f of new leases at 245 Fifth Ave.

Manhattan, NY The Moinian Group has signed 95,000 s/f of new office leases at 245 Fifth Aven. in Midtown South. These transactions, executed with WeWork, Synthesia, EON, Greenmantle, Crosby Legal, The Spectator and Schnackel Engineers have brought the property to 90% occupancy.

“245 Fifth Avenue’s unparalleled Midtown South location continues to attract a very dynamic and varied collection of businesses that operate from the building,” said Omar Sozkesen, vice president of commercial leasing at The Moinian Group. “The signing of over 95,000 s/f of leases over the course of the first half of the year is a testament to the high caliber of our office offerings, and we look forward to welcoming our new tenants as they open their office doors at the property.”

The new tenants consist of:

• WeWork: Signed a 10-year lease that will span across four floors for a new, high-quality workspace offering, building upon the firm’s already existing presence within The Moinian Group’s commercial portfolio. Peter Greenspan and Melissa Visoky of WeWork were represented by Aaron Ellison and Travis Milone of Newmark.
• Synthesia: Signed a 5-year lease to be utilized for the firm’s office operations. Synthesia is a generative AI company building an enterprise-focused video platform. Dennis Someck and Justin Myers from Lee & Associates represented Synthesia in the transaction.
• EON: Signed a 5-year lease for the next-generation cloud backup platform’s office operations. Gabe Marans and Maxine Rosen of Savills represented EON in the transaction.
• Greenmantle: Signed a 6-year lease for the macroeconomic and geopolitical advisory firm’s NYC office operations. Michael Baraldi and Lexie Perticone of Cushman & Wakefield represented Greenmantle in the transaction.
• Crosby Legal: The Agentic Law firm built for execution signed a 5-year lease to be utilized for the firm’s office operations. Arash Sadighi and Tyler Ruggieri of Venture Commercial NYC represented Crosby Legal in the transaction.
• The Spectator: Signed a 5-year lease for the London-based magazine’s new US office. Evan Kleinberg and Lenny Kohlmayer from Cornelia Street Partners represented The Spectator in the transaction.
• Schnackel Engineers: Signed a 5-year lease for the world-class MEP Engineering firm’s office operations. Robert Gallucci from Colliers represented Schnackel Engineers in the transaction.

The Moinian Group was represented by Scott Klau, Erik Harris, Zach Weil, Cole Gendels and Ben Klau from Newmark in all transactions. 

Additionally, The Moinian Group recently signed a 16,129 s/f, 20-year lease with Pixida, a Mediterranean-style restaurant at the building. Slated to open later this year, Pixida will occupy a prominent, multi-level space at the building that will be uniquely designed to match its intricate space.

Located on the Southeast corner of East 28th St., 245 Fifth Ave. is a 24-story, 316,495 s/f commercial property with industry-leading amenities including spacious open floor plans with glass front offices, expansive views of the surrounding neighborhood and beyond, as well as a grand Art Deco lobby. The building is situated within proximity to Madison Square Park, a myriad of famed food and beverage offerings, 5-star hotels, high-end shopping offerings and a variety of different public transportation options.