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Aberdeen Extends 27,000 SF lease at 712 Fifth Ave.

Although the asking rent was not provided, a CoStar analyst indicated with confidence that it would be well over $100 per square foot.

712 Fifth Ave. 712 Fifth Ave. in Manhattan’s Plaza District

NEW YORK CITY—Aberdeeen Standard Investments is reconfiguring and extending its lease at Paramount Group’s 650-foot-tall office skyscraper at 712 Fifth Ave. The building stands between W. 55th and W. 56th streets in the famed Plaza District. Although the asking rents in the building were not disclosed, a CoStar Group analyst tells GlobeSt.com with confidence they would be well over $100 per square foot.

The building gained attention earlier this year because it housed Henri Bendel’s flagship Fifth Avenue location. That store closed when the retailer shut down all its stores and its website in January 2019.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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