PBC welcomes two new tenants to trophy Midtown office tower

JLL has completed two leases totaling 32,293 square feet on behalf of Property & Building Corporation Ltd. (PBC) at 452 Fifth Ave., the 30-story trophy glass tower located steps from Bryant Park in Midtown Manhattan.

The pharmaceutical corporation, Novartis, has leased the entire 15,865-square-foot 12th floor for its first New York City office. Alternative investment firm, HBK Capital Management, has leased the entire 16,428-square-foot 22nd floor in a relocation from 1 Bryant Park.

A JLL leasing team led by vice chairman Paul Glickman, executive managing director Ben Bass, vice president Kristen Morgan and associate Kate Roush serves as exclusive agent for 452 Fifth Ave. Novartis, Inc. was represented by CBRE’s David Stockel and Christopher Menard. HBK was represented by Silvio Petrillo and Tamika Kramer, also of CBRE.

“We are thrilled to welcome Novartis and HBK Capital Management to the tower of 452 Fifth Ave,” said Glickman. “The building affords full floor tenants the unique opportunity to enjoy incredible light and views, modern infrastructure, as well as direct access to Bryant Park.”

Located at the crossroads of Fifth Avenue and Bryant Park overlooking New York Public Library, 452 Fifth Ave. features two private elevators for senior executives and a roster of high-profile tenants that includes the law firm Baker & McKenzie, Lombard Odier and Varadero Capital. The building's central location offers convenient access to multiple transportation options, including Grand Central Station and the Metro North Railroad, the Times Square subway network, and Penn Station and the Port Authority Bus Terminal, which are both a short walk away.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.