CBRE leases 9,527 s/f to Cypress Creek Renewables at 530 Fifth Ave.

Manhattan, NY In a transaction arranged by CBRE, Cypress Creek Renewables, a solar and energy storage developer and independent power producer, has inked a 9,527 s/f office lease at 530 Fifth Ave. The firm will occupy part of the 17^th floor of the office property owned by Sagehall and RXR Realty.

CBRE’s David Stockel acted on behalf of Cypress Creek Renewables. The CBRE team of Paul Amrich, Neil King, Meghan Allen, and Brooke Dewing led the leasing and marketing efforts for the property and represented the building ownership in the negotiations.

“Cypress Creek required additional office space to accommodate its growing business in New York City, and the space at 530 Fifth Ave. was ideal for its current and future plans,” said Stockel. “The national energy company tripled its footprint in the city with the new lease, which speaks to its commitment to continued growth in the area.”

530 Fifth Ave. is a 475,000 s/f, Class A, boutique office building occupying an entire block on Fifth Ave. The property offers amenities with flexible office solutions for a variety of sectors, including tech, creative, hospitality, finance, and law. In addition to Cypress Creek, 530 Fifth Ave. is home to Convene, Avison Young, PEI Group, and Major, Lindsey & Africa.

Tags: Brokerage New York City

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