Two new tenants lease 19,000 square feet at 5 Penn Plaza in Midtown Manhattan

NEW YORK, March 3, 2025 - JLL announced today it has leased an additional 19,000 square feet of office space at 5 Penn Plaza as the repositioned Midtown Manhattan office building continues to enjoy powerful leasing momentum. This comes on the heels of 70,000 square feet of new leases that were announced in January.

In the largest transaction, NY E-Health Collaborative leased 15,000 square feet of office space on the 12^th floor. The non-profit organization that works in partnership with New York State Department of Health to connect healthcare professionals, was represented by Joe Speck and Reid Longley from Colliers. Tech company Dynatrace also signed a new lease to occupy 4,000 square feet on the 24th floor of the building, which features a private wraparound terrace and sweeping views of the city. The tenant was represented by Reeves McCall and Taylor Walker from CBRE.

The transactions follow a major repositioning to upgrade the historic property owned by 5 Penn Plaza LLC, a firm led by investor Stephen Haymes. A flurry of deals have been signed with new tenants, including digital health company Noom, real estate tech company Altus, trading advisory Octaura, and engineering services leader Dewberry.

Located in the epicenter of Hudson Yards, Manhattan West and the Penn District, on Eighth Avenue between West 33rd and 34th streets, 5 Penn’s recent redevelopment included a new Gensler-designed lobby and amenity center paired with a conference center that provides a hospitality-level experience, and a dog-friendly roof deck with 360-degree views.

Second-floor hospitality suites named “Print & Press” feature a high-end fitness center with showers and lockers, a library with fireplace, expansive lounge space with open seating, a podcast room, golf simulator and grab-and-go food experience on the ground floor.

“5 Penn has been a hub of collaboration, communication, and technology for the world’s leading companies for over a century,” said Stephen Haymes, of 5 Penn Plaza LLC. “Our continued investment in the property ensures that it remains a leading destination address for businesses seeking an elevated office experience in the heart of Manhattan.”

Throughout the building, floorplates average 29,222 rentable square feet, with 14 ft. ceilings and 8 ft. windows that flood the modern loft offices with light and air and offer expansive, 360-degree views. The building offers prebuilt suites ranging from full floors of 29,222 square feet and penthouse suites of 4,000 square feet that are move-in ready and have their own private terrace.

“5 Penn has been powerfully repositioned to meet modern office demand and we are thrilled to welcome two more new tenants to the property,” said JLL’s Mitch Konsker, who leads the exclusive agency team that includes Christine Colley, Kristen Morgan, Greg Wang, Kate Roush and Dan Turkewitz.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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