Russell Investments Inks Lease at Fifth Avenue Tower
Cushman & Wakefield arranged a long-term lease for Russell Investments at Beacon Capital Partners and MetLife’s 575 Fifth Ave. The global investment solutions firm will occupy 8,568 square feet.
Cushman & Wakefield’s Nick Masi and David Mainthow represented the tenant, while the firm’s Josh Kuriloff, Matthias Li, Andrew Braver and Eric Hazen represented the property’s ownership.
575 Fifth Ave. is a 40-story, 513,740-square-foot office tower near Grand Central Terminal, Rockefeller Center and Bryant Park. Beacon and MetLife recently completed a $30-million capital improvement program, including a new lobby, building systems, corridors, bathrooms and a bike room.
“We’ve been seeing a trend of tenants looking for quality office space in amenity-rich buildings and 575 Fifth Ave. is a great fit for Russell Investments,” said Mainthow.
Kuriloff added, “575 Fifth Ave. is a well-located, prominent asset fit for a multitude of different types of tenants.”
- ◦Lease