Fried Frank acted as counsel to PBC USA in connection with its 548,000 square foot lease to HSBC USA NA at 452 Fifth Avenue, a Class A office tower near Bryant Park in New York City. PBC USA acquired the property in 2010 and has since completed a multi-million-dollar capital improvement campaign, which included redevelopment of the lobby, upgraded elevators, and installation of new emergency power generators.
PBC is one of Israel’s largest diversified real estate companies with assets ranging from suburban strip malls to premier office buildings in primary global markets.
The Fried Frank team was led by real estate partner Robert Sorin (Picture) and included real estate partner Valerie Kelly; and real estate associate Tess E. Rowley.
Law Firms: Fried Frank Harris Shriver & Jacobson;
Clients: PBC USA Investments Inc. ;