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New York & Tri-State  + Midtown New York  + Office  |  June 18, 2021
Paul Bubny
By: Paul Bubny

LBB Takes Penthouse Space at Nuveen’s 475 Fifth

Newmark arranged a new lease for LBB Industries at the penthouse of 475 Fifth Ave, owned by Nuveen Real Estate. The 4,126-square-foot space was attractive to the tenant due to its vaulted 20’ ceilings, high-end pre-built space, and views overlooking Bryant Park. 

A Newmark team of Brian Waterman, Scott Klau and Erik Harris represented the landlord. Their colleagues Bill Levitsky and Matt Augarten represented the tenant.

“The Penthouse at 475 Fifth Ave. was extremely attractive to LBB due to its convenient location, unparalleled views of the park, and a top-tier pre-built space,” said Levitsky.  

“We believe that the hard work that Nuveen invested into upgrading the property continues to make it a top choice for creative and financial firms,” added Harris.

LBB plans an August relocation from its previous office at 400 Park Ave. to occupy the entire 24th floor of 475 Fifth.

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Inside The Story

Newmark’s LevitskyNewmark’s Harris

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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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