Haymes Lands Midtown Manhattan Tenant

April 15, 2026

Office Brokerage New York News More Northeast

A digital insurance firm will relocate from its Wall Street office.

5 Penn is a LEED Gold-certified office property.
*Image courtesy of Yardi Matrix*

Digital insurance firm CFC USA, Inc. has signed a seven-year, 13,065-square-foot lease at Haymes Investment Co.’s 5 Penn in Midtown Manhattan. The company will relocate from its current office at 48 Wall St. and move to the second floor of the 650,329-square-foot building.

JLL arranged the deal on behalf of the ownership, while CBRE represented the tenant.

The office property has been under Haymes’ ownership since 1981, when the company paid $6.6 million to acquire it, according to Yardi Matrix information.

Located at the corner of Lexington Avenue and East 32nd Street, 5 Penn is within a 1-mile radius of Penn Station, Empire State Building and Madison Square Park.

CBRE Senior Vice President Joseph DeRosa and Senior Associate Taylor Walker represented CFC USA in the lease transaction.

The century-old Printing Crafts Building

Originally completed in 1917 to serve as one of the largest printing and publishing hubs across the U.S., 5 Penn rises 26 stories and features floorplates measuring 28,977 square feet. CFC USA will join Sirius, Puma, HLW, Noom, Octaura and Dynatrace in the tenant roster. Last year, Fireblocks signed a 35,000-square-foot lease at 5 Penn, relocating from its former office space on Ninth Avenue.

To keep up with tenants’ demands, changing work culture and ongoing office space trends, the LEED Gold-certified property underwent renovations several times in the last century, namely in 2006, 2016 and 2024. The latest upgrades added an amenity center on the second floor, which includes a lounge, library, fitness center, podcast room, golf simulator and roof deck. Additionally, 5 Penn features 10 elevators and a 28,977-square-foot showroom.

At the end of February, Manhattan’s office listing rates averaged $73.45 per square foot, marking a 6.6 percent increase year-over-year, according to a recent Yardi Matrix office report. During the same month, the national average office listing figure declined 1.9 percent to $32.79 per square foot. Meanwhile, the borough’s vacancy rate registered a steep 330-basis-point drop to 13.1 percent, significantly lower than the U.S. 17.6 percent.