NEW YORK CITY—Cushman & Wakefield has been named exclusive leasing agent for Anbang Insurance Group's 717 Fifth Ave., a class A tower in the Plaza District. The 26-story property, located between 55th and 56th streets, features 138,361 square feet of available office space across four floors in the base and two in the tower of the building.

The Cushman team will be led by Fred Smith, vice chairman, and will include James Frederick, vice chairman, Elisa Larson, associate director of office brokerage and, from the firm's strategic agency services group, Jonathan Fales, senior managing director, Myles Fennon, managing director and Pierce Hance, senior associate.

Acquired by Anbang from the Blackstone Group in February of 2015, 717 Fifth is in close proximity to Central Park and a number of MTA subway lines. The building offers tenants full and partial floor opportunities, with pre-built and build-to-suit options, and is home to 60% of its original tenant roster.

Office spaces feature natural light and views of Central Park and Grand Army Plaza from the upper floors. Amenities include a 24/7 security desk, dual lobby entrances on 55th and 56th streets and a unique three-story glass atrium lobby.

“Cushman & Wakefield will showcase 717 Fifth Ave., for the building it truly is, a world-class destination located in the heart of one of the most sophisticated office markets in New York City,” declares Smith. “Our team was chosen because it shared ownership's vision for how to best position and reposition the large block of space located in the building's base, and two tower floors.”

He adds, “A comprehensive marketing campaign will commence immediately, and we anticipate generating a robust amount of interest for the available spaces, highlighted by the large block of available space in the base of the building.” A partnership of SL Green Realty Corp. and Jeff Sutton owns the retail portion of the property, which was built in 1959 as the Corning Glass Building.

Instant Insights /

Cushman Lands Anbang Office Tower Agency

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