Paris-Based Investment Firm Leases Entire 19th Floor, More Than Doubles Space
August 31, 2021
NEW YORK – Transwestern Real Estate Services (TRS) announces that it represented Eurazeo in a 14,079-square-foot lease expansion and renewal for the investment firm’s U.S. headquarters at 745 Fifth Ave. Chase Gordon, Transwestern Senior Vice President, and Lindsay Ornstein, founder of OPEN Impact Real Estate, provided tenant advisory services for Eurazeo.
Eurazeo, a Paris-based global investment group, will occupy the entire 19th floor of 745 Fifth Ave. The firm is moving from the 32nd floor, where it occupies 6,200 square feet. The new office suite offers access to a large outdoor terrace and features exceptional views of Central Park.
“Eurazeo is experiencing significant growth in its U.S. business, which required it to move to space that would better suit its needs,” said Gordon. “We conducted an extensive search for the firm and are very pleased to have the opportunity for an expansion within 745 Fifth Ave. The larger office suite will allow Eurazeo greater flexibility in supporting its employees and servicing its clients.”
Owned by Paramount Group, Inc., 745 Fifth Ave. consists of 35 floors and is LEED Gold certified. The building is located steps from Central Park and directly across from the Plaza Hotel and features an impressive art deco lobby. Paramount was represented in the transaction by its internal team.
According to research by Transwestern, the Plaza District of Manhattan consists of 69 million square feet of office space and had a 15.7% availability rate as of Q2 2021.
Photography is available for download here. Courtesy of LoopNet.
Eurazeo is a leading global investment group, with a diversified portfolio of €25.6 billion in Assets Under Management, including €17.8 billion from third parties, invested in over 450 companies. With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid. Eurazeo is listed on Euronext Paris. For more information, please visit www.eurazeo.com.
About OPEN Impact Real Estate
OPEN Impact Real Estate (OPEN) is a woman-owned business that delivers a comprehensive range of commercial real estate advisory services, with a focus on supporting social-minded, mission-driven companies. Based in New York City, OPEN serves clients across the United States, particularly those that value the benefits of working with an M/WBE with deep expertise in furthering a company’s mission through physical space. For more information, please visit www.openregroup.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.