{"id":365472,"date":"2026-10-06T04:12:20","date_gmt":"2026-10-06T04:12:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/365472\/"},"modified":"2026-10-06T04:12:20","modified_gmt":"2026-10-06T04:12:20","slug":"french-consulting-firm-wavestone-leases-10k-sf-at-511-fifth-avenue-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/365472\/","title":{"rendered":"French Consulting Firm Wavestone Leases 10K SF at 511 Fifth Avenue \u2013 Commercial Observer"},"content":{"rendered":"

Wavestone<\/a>, a global strategic business and technology transformation consulting firm, has inked a 9,812-square-foot office lease at 511 Fifth Avenue, an 18-story Midtown office building recently redeveloped by owners aurora capital<\/a>, Wharton Properties<\/a> and Achs Management<\/a>.\u00a0<\/p>\n

The France-based firm will relocate roughly two blocks east from 130 West 42nd Street \u2014 though it is unclear when \u2014 and occupy space on 511 Fifth Avenue\u2019s 13th floor, according to Cushman & Wakefield<\/a>, which brokered the deal for Wavestone.\u00a0<\/p>\n

SEE ALSO: Miami-Dade Office Rents Rise and Vacancy Tightens<\/a><\/p>\n

\u201c511 Fifth Avenue offered Wavestone a high-quality, modern workplace in a premier Midtown location that aligns well with the firm\u2019s needs and its continued growth,\u201d C&W\u2019s Nick Masi said in a statement. \u201cThe building\u2019s recent repositioning, strong amenity offering and accessibility made it an attractive option, and we\u2019re pleased to have secured a space that will support Wavestone\u2019s team in New York for many years to come.\u201d<\/p>\n

The length of the lease and the asking rent were not disclosed. The average asking rent for office space in Midtown Manhattan was $80.71 per square foot during the third quarter of 2026, according to Colliers\u2019 Manhattan office<\/a> report.\u00a0<\/p>\n

Ownership was represented by Newmark<\/a>\u2019s Scott Klau and Natalie Serio. Newmark did not immediately respond to a request for comment.\u00a0<\/p>\n

Built in 1915 and located near Bryant Park and Grand Central Terminal, 511 Fifth Avenue was recently redeveloped with 160,000 square feet<\/a> of sleek new office and amenities spaces, as well as a redone lobby. The building\u2019s 15th floor features amenities including a lounge, a juice bar and a fitness center. Other tenants in the building include coworking space provider<\/a> WeWork.<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n

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