Kanematsu USA Signs 500 Fifth Avenue Lease
Gus Delaporte March 25, 2014, 11 a.m.
Kanematsu USA, the U.S. subsidiary of the Kanematsu Corporation of Japan, has signed a lease for the entire 10,914-square-foot 29th floor at 500 Fifth Avenue, the landlord’s broker announced today.
The tenant, a large trading company, operates a number of business areas including electronics, steel and metals, food products, chemicals, textiles, and aerospace. The company signed a 10-year lease at 500 Fifth Avenue, according to The Wall Street Journal, which first reported the deal.
“Kanematsu is a perfect fit for 500 Fifth Avenue and we’re excited to welcome them to the building,” said Harry Blair of Cushman & Wakefield, who represented the landlord, in a prepared statement. “500 Fifth Avenue offered a full floor opportunity, with exceptional views and natural light. The building is adjacent to one of New York’s best year-round amenities in Bryant Park and is conveniently located steps from Grand Central Terminal and major subway lines.”
Mr. Blair represented the landlord, 500 Fifth Avenue Inc., alongside Sean Kearns. Michael Goldman, Joseph Messina and Kunihiko Otomo of Studley represented the tenant.
As reported by Commercial Observer, law firm Wollmuth Maher Deutsch LLP signed a 15-year renewal for its space on the 12th floor of 500 Fifth Avenue last year. Elias Sports Bureau, IMC Asset Management, University of Oxford and Argus Media all renewed of expanded in the building in 2013.