521 Fifth Avenue

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale the fee simple interest in 521 Fifth Avenue (the “Property”).

521 Fifth is next to Grand Central Station, making it one of the best located assets in the strongest submarket in the United States. The 39-story, 503,760 square foot building is currently 64% leased in a submarket that boasts sub-2% vacancy in top tier buildings. Moreover, the Grand Central market currently has over 27 million square feet of active tenant searches, which is an increase of more than 5x year-over-year, and will undoubtedly lead to continued rent growth in the submarket which is already home to JP Morgan, Amazon, Blackstone, Citadel, and MetLife.

521 Fifth features boutique floorplates that receive exceptional natural light and offers tremendous views through oversized windows. Further, there are 6 private terraces at the building which command significant rent premiums between 10%-20%.

The Property also benefits from over 50,000 square feet of Grand Central adjacent retail with over 100 feet of frontage on Fifth Avenue. Given the proximity to Grand Central, over 75 million people walk past 521 Fifth Avenue annually putting it amongst the worlds most foot-trafficked locations.

This offering represents an incredible opportunity to acquire an outstanding asset in the best location in the world.