Private equity firm leases two floors at 680 Fifth Ave. in Manhattan’s Plaza District

New York, N.Y., Sept. 3, 2024 – JLL announced today that it has leased over 40,000 square feet at Josef Buchmann’s 680 Fifth Ave. in Manhattan’s Plaza District, including a 18,800-square-foot lease for investment management firm Christofferson, Robb & Company (CRC).

CRC will relocate from 720 Fifth Ave. to occupy two full floors with a private terrace at 680 Fifth Ave. The transaction follows other recent leases totaling 22,000 square feet with Swarovski, JEN Partners and Lampe Conway.

Situated steps from Central Park, the 27-story, 205,000-square-foot building is nearing completion of an extensive repositioning led by renowned architects MdeAS & Rottet Studio. Renovations include a new glass curtain wall, an elegant lobby renovation and the addition of a best-in-class amenity lounge featuring conferencing facilities, a library, fireplace and bar, as well as fitness and wellness facilities. The new lobby is expected to be completed by the end of the summer.

680 Fifth Ave. was represented by a JLL leasing team that included David Kleiner, Carlee Palmer and Margaux Kelleher. Newmark’s David Falk and Eric Cagner represented CRC. Roy Bajtel, Principal at Valor Capital Partners, manages the property on behalf of the Buchmann family.

“680 Fifth Ave. is undergoing a remarkable transformation, blending its historic Art Deco charm with cutting-edge design and functionality,” said Bajtel. “As we near the completion of these enhancements, the property is well-positioned to cater to tenants who share a forward-looking vision, offering them a sophisticated and modern environment where they can thrive.”

The Art Deco architecture of 680 Fifth Avenue is notable for its intricate detailing and grandeur. The property continues to stand as a recognizable landmark in Midtown Manhattan, blending historic architecture with modern amenities to serve the current needs of occupants and visitors.

The property is situated amid an abundance of high-end retail, world-class restaurants and New York City’s most historic cultural institutions. The property offers close proximity to Central Park South’s cultural hub, as well as ease of access to Grand Central Terminal, the EBDF and M subway lines and Rockefeller Center.

“As the long-time, family owner of the property, Josef Buchmann has revitalized 680 Fifth Ave. for forward-thinking tenants seeking a top-tier office environment for their employees,” said Palmer. “The ideal location, high-touch amenity program and understated elegance of the project distinguishes it in a competitive office market.”

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.

For more news, videos and research resources, please visit JLL’s newsroom.