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	<title>The Commercial Observer &#187; Bank Leumi USA Leases 60,000 Square Feet At Polished Up 579 Fifth Avenue </title>
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		<title>The Commercial Observer &#187; Bank Leumi USA Leases 60,000 Square Feet At Polished Up 579 Fifth Avenue </title>
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		<title>Bank Leumi USA Leases 60,000 Square Feet At Polished Up 579 Fifth Avenue</title>

		<comments>http://commercialobserver.com/2013/02/bank-leumi-usa-leases-60000-square-feet-at-polished-up-579-fifth-avenue/#comments</comments>
		<pubDate>Fri, 22 Feb 2013 14:29:44 -0400</pubDate>
					<link>http://commercialobserver.com/2013/02/bank-leumi-usa-leases-60000-square-feet-at-polished-up-579-fifth-avenue/</link>
			<dc:creator>Billy Gray</dc:creator>
				
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		<description><![CDATA[<p><strong>Bank Leumi USA</strong> signed a 20-year, 60,000-square-foot lease at <strong>579 Fifth Avenue</strong> and will fan out across five floors of the 17-story, 150,000-square-foot Midtown building. The American satellite of the Israeli bank currently has a branch at the ground floor storefront. Asking rents were in the $60 per square foot range.</p>
<p><strong>Brian Gell</strong> of <strong>CBRE</strong> represented the tenant. <strong>Sam Seiler</strong>,<strong> Stephen Kenneth Eynon</strong> and <strong>Edward Goldman</strong>--also of CBRE--represented the landlord, <strong>Axel Stawski.</strong> <!--more--></p>
<p><div id="attachment_247593" class="wp-caption alignleft" style="width: 223px"><a href="http://nyocommercialobserver.files.wordpress.com/2013/02/579fifth_gallery_a.jpg"><img class="size-medium wp-image-247593" alt="579 Fifth Avenue (Photo courtesy of Stawski Partners)" src="http://nyocommercialobserver.files.wordpress.com/2013/02/579fifth_gallery_a.jpg?w=213" width="213" height="300" /></a><p class="wp-caption-text">579 Fifth Avenue (Photo courtesy of Stawski Partners)</p></div></p>
<p>In a somewhat unusual move, the firm will settle on the second, third, fifth, sixth and seventh floors of the property. A spokesman for CBRE said that the brokers involved would not comment on the lease, but a source <a href="http://www.crainsnewyork.com/data-lists/real-estate-deal-watch/details/12/2873292" target="_blank">told</a> <em>Crain</em>'s that since Bank Leumi has separate units it may not have sought the sort of integrated layout on one or two large firms typically favored by financial services companies.</p>
<p>Mr. Stawski recently oversaw substantial renovations to the 59-year-old building on 5th Avenue at 47th Street. <strong>Kohn Pederson Fox</strong> designed changes to the facade--glass replaced brick--and removed a limestone slab to create an airier glass exterior for the lower floors. The nip and tuck was partly inspired by hopes of luring a fashion tenant to the ground floor retail space once Bank Leumi's lease there ends in a few years.</p>
<p>Bank Leumi will relocate its offices from the <strong>Graybar Building</strong> on Lexington Avenue.</p>
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		<content:encoded><![CDATA[<p><strong>Bank Leumi USA</strong> signed a 20-year, 60,000-square-foot lease at <strong>579 Fifth Avenue</strong> and will fan out across five floors of the 17-story, 150,000-square-foot Midtown building. The American satellite of the Israeli bank currently has a branch at the ground floor storefront. Asking rents were in the $60 per square foot range.</p>
<p><strong>Brian Gell</strong> of <strong>CBRE</strong> represented the tenant. <strong>Sam Seiler</strong>,<strong> Stephen Kenneth Eynon</strong> and <strong>Edward Goldman</strong>--also of CBRE--represented the landlord, <strong>Axel Stawski.</strong> <!--more--></p>
<p><div id="attachment_247593" class="wp-caption alignleft" style="width: 223px"><a href="http://nyocommercialobserver.files.wordpress.com/2013/02/579fifth_gallery_a.jpg"><img class="size-medium wp-image-247593" alt="579 Fifth Avenue (Photo courtesy of Stawski Partners)" src="http://nyocommercialobserver.files.wordpress.com/2013/02/579fifth_gallery_a.jpg?w=213" width="213" height="300" /></a><p class="wp-caption-text">579 Fifth Avenue (Photo courtesy of Stawski Partners)</p></div></p>
<p>In a somewhat unusual move, the firm will settle on the second, third, fifth, sixth and seventh floors of the property. A spokesman for CBRE said that the brokers involved would not comment on the lease, but a source <a href="http://www.crainsnewyork.com/data-lists/real-estate-deal-watch/details/12/2873292" target="_blank">told</a> <em>Crain</em>'s that since Bank Leumi has separate units it may not have sought the sort of integrated layout on one or two large firms typically favored by financial services companies.</p>
<p>Mr. Stawski recently oversaw substantial renovations to the 59-year-old building on 5th Avenue at 47th Street. <strong>Kohn Pederson Fox</strong> designed changes to the facade--glass replaced brick--and removed a limestone slab to create an airier glass exterior for the lower floors. The nip and tuck was partly inspired by hopes of luring a fashion tenant to the ground floor retail space once Bank Leumi's lease there ends in a few years.</p>
<p>Bank Leumi will relocate its offices from the <strong>Graybar Building</strong> on Lexington Avenue.</p>
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			<media:title type="html">579 Fifth Avenue (Photo courtesy of Stawski Partners)</media:title>
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