The Real Deal New York

Israeli bank inks lease at 579 Fifth Avenue

February 22, 2013 03:00PM

Bank Leumi USA has inked a 20-year lease for more than a third of the space inside the 579 Fifth Avenue, the New York Observer reported. The bank, now in The Graybar Building On Lexington Avenue, will occupy 60,000 square feet of the 150,000-square-foot building; the space is on the second, third, fifth, sixth and seventh floors of the 17-story tower.

Asking rents are in the range of $60 per square foot.

CBRE’s Brian Gell represented the tenant, which is an arm of Bank Leumi in Israel. The landlord, Axel Stawski, was represented by Edward Goldman, Stephen Kenneth Eynon and Sam Seiler, who are also of CBRE.

A Bank Leumi branch occupies the building’s storefront. [NYO]Zachary Kussin