{"id":1004795274,"date":"2026-04-15T03:32:04","date_gmt":"2026-04-15T11:32:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004795274"},"modified":"2026-04-15T10:04:38","modified_gmt":"2026-04-15T18:04:38","slug":"haymes-lands-midtown-manhattan-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/haymes-lands-midtown-manhattan-tenant\/","title":{"rendered":"Haymes Lands Midtown Manhattan Tenant"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"800\" data-attachment-id=\"1004795278\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/haymes-lands-midtown-manhattan-tenant\/5-penn-in-midtown-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg\" data-orig-size=\"640,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5 Penn in Midtown\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg\" alt=\"\" class=\"wp-image-1004795278\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/5-Penn-in-Midtown-1.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">5 Penn is a LEED Gold-certified office property. <br><em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Digital insurance firm CFC USA, Inc. has signed a seven-year, 13,065-square-foot lease at Haymes Investment Co.\u2019s 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.<\/p>\n\n\n\n<p>JLL arranged the deal on behalf of the ownership, while CBRE represented the tenant.<\/p>\n\n\n\n<p>The office property has been under Haymes\u2019 ownership since 1981, when the company paid $6.6 million to acquire it, according to Yardi Matrix information.<\/p>\n\n\n\n<p>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. <\/p>\n\n\n\n<p>CBRE Senior Vice President Joseph DeRosa and Senior Associate Taylor Walker represented CFC USA in the lease transaction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-century-old-printing-crafts-building\">The century-old Printing Crafts Building<\/h2>\n\n\n\n<p>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 <a href=\"https:\/\/www.commercialsearch.com\/news\/haymes-lands-tenant-at-manhattan-tower\/\">35,000-square-foot lease at 5 Penn<\/a>, relocating from its former office space on Ninth Avenue.<\/p>\n\n\n\n<p>To keep up with tenants&#8217; demands, changing work culture and ongoing <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">office space trends<\/a>, 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.<\/p>\n\n\n\n<p>At the end of February, Manhattan&#8217;s office listing rates averaged $73.45 per square foot, marking a 6.6 percent increase year-over-year, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-life-science-construction-falls-deals-rebound\/\">Yardi Matrix office report<\/a>. During the same month, the national average office listing figure declined 1.9 percent to $32.79 per square foot. Meanwhile, the borough&#8217;s vacancy rate registered a steep 330-basis-point drop to 13.1 percent, significantly lower than the U.S. 17.6 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A digital insurance firm will relocate from its Wall Street office.<\/p>\n","protected":false},"author":3619,"featured_media":1004795277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[32789,32796],"class_list":["post-1004795274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Haymes Lands Midtown Manhattan Tenant - 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