452 Fifth Avenue leasing penthouse floors for the first time

New York /
Jul.July 15, 2013 04:00 PM

For the first time, the penthouse floors of the Class A office tower at 452 Fifth Avenue are available for lease, according to a release from Ehud Elizer, president of PBC USA Real Estate, which owns the building.

The available space consists of 16,335 square feet on the 28th floor and 14,690 square feet on the 29th floor of the 865,534-square-foot building. PBC USA purchased the 30-story property from HSBC for $330 million in 2010. The ownership completed phase one of a $45 million capital investment campaign in 2011.

Phase one included redevelopment of the multi-floor lobby and entrance, upgrades to the high rise elevators and the installation of new emergency power generators. The second phase of the capital improvement plan installed new cooling towers and additional generators serving the top three penthouse floors.

Craig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender of CBRE are to oversee the property’s leasing campaign.

The property also hosts such high-profile tenants as HSBC, international law firm Baker & McKenzie and the Man Group, among others. –Julie Strickland


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