Cushman & Wakefield announced today that Kanematsu USA Inc., a subsidiary of the Kanematsu Corporation, has signed a long-term lease at 500 Fifth Avenue, located at the corner of 42nd Street and across from Bryant Park.
Kanematsu, one of the oldest trading companies, with its major business areas including electronics, steel & metals, food products, chemicals, textiles and aerospace, will occupy 10,914 square feet on the entire 29th floor in the 60-story building.
Cushman & Wakefield’s Harry F. Blair and Sean N. Kearns, exclusive leasing agents on the building, represented the landlord, 500 Fifth Avenue Inc. in the transaction. Michael Goldman, Joseph Messina and Kunihiko “Key” Otomo of Studley represented Kanematsu.
“Kanematsu is a perfect fit for 500 Fifth Avenue and we’re excited to welcome them to the building,” said Blair. “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.”
Built in 1931, 500 Fifth Avenue is a landmark, 680,000 square foot, class-A, Art Deco skyscraper situated blocks from Grand Central Terminal.