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New York & Tri-State  + Midtown New York  + Office  | 
505 Fifth Ave office property MidtownManhattan

German Bank Relocates Offices to Fifth Avenue

JLL has completed a 17,282-square-foot lease for Norddeutsche Landesbank-Girozentrale (Nord/LB) for the entire seventh and eighth floors at 505 Fifth Ave. in Midtown Manhattan. The tenant is relocating from the W. R. Grace Building at 1114 Ave. of the Americas. 

Vice chairman Paul Glickman, SVP Diana Biasotti, VP Kyle Young, and assistant VP Kristen Morgan represented property owner Stawski Partners. Nord/LB was represented by John Johnson, executive managing director with Savills. 

Constructed in 2006, the Kohn Pederson Fox-designed 505 Fifth features glass curtain walls with abundant light and expansive views, 13-foot slab-to-slab ceiling heights, tenant-tailored air systems and a floor configuration with limited columns to allow for creative open floor plans and design. 

“Nord/LB joins a roster of leading corporate tenants in this elegant, centrally located tower,” Biasotti said. “This transaction continues the leasing momentum in the building and demonstrates the enduring appeal of ideally located, superior-quality space.” 


Inside The Story

JLL's GlickmanJLL's BiasottiSavills' Johnson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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