Citadel is taking an office lease in Manhattan, a new market report from Savills analyzing the city's fourth-quarter performance for the industry finds.
The new lease transaction will give the financial service provider 500,000 square feet of space in the Plaza South submarket at 660 Fifth Avenue. The 39-story building, now owned by Brookfield Properties, was originally built in 1957 and renovated in 2022. The site now features a boutique lobby, outdoor terraces, and improved infrastructure. Also, the "11x19 feet single-pane glass units" is the "largest ever" implemented for redevelopment in New York City, according to Brookfield. In total, the redevelopment cost $400 million.
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