Hewlett Packard Enterprise has recently signed a 10-year lease for 17,945 square feet of Midtown Manhattan office space at SL Green Realty’s 461 Fifth Avenue. The company plans to relocate its current New York City offices from 556 West 22nd Street here.

Hewlett Packard will take over the entire eighth and tenth floors in the building between East 40th and East 41st Streets, planning to move into this new location in the second quarter of 2019. The asking rent for the space was $90 per square foot, as reported by GlobeSt.

the 461 Fifth Avenue building
461 Fifth Avenue (PropertyShark)

SL Green acquired the property at 461 Fifth Avenue in 2003 for $62.3 million and completed a $20 million renovation here last year. Built in 1988, the 28-story, 209,531-square-foot building boasts a LEED Gold Certification and is conveniently located near Bryant Park and the Grand Central Terminal. The list of tenants here includes Everest Reinsurance Company, Shenkman Capital and Carval Investors.

“We’re delighted to welcome Hewlett Packard to 461 Fifth Avenue,” said Steven Durels, EVP, Director of Leasing and Real Property for SL Green. “Our recently completed capital improvement program including new lobby, plaza, entrance, elevator cabs and bathrooms has led to significant leasing accomplishments.”

CBRE’s James Ackerson and James Einstein represented Hewlett Packard Enterprise in the deal. Silvio Petriello, Ben Friedland, Taylor Scheinman, Jason Pollen and Zak Snider from the same brokerage acted on behalf of the landlord.

Alexandra Farcas

Alexandra Farcas

Alexandra is a staff writer and communications specialist at CommercialCafe, covering commercial real estate trends, news and tips. Her work can also be found on the PropertyShark blog, where she usually writes about the latest office deals. Alexandra’s articles have been featured by Bustle, NBC Washington, Thrive Global, the Boston Business Journal, The Durst Organization, Philly Mag, HR Dive.