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Tech firms sign leases at Five Penn Plaza.

Cable & Wireless and Incotel, two of the country's top communications technology firms, signed deals to lease 26,350 square feet of space at Five Penn Plaza for their headquarters.

Five Penn Plaza,, already home to AT&T, CNN and Seer Technology, has developed an impressive roster of communications and high tech tenants since completing a massive renovation and upgrading of all building systems last year.

Cable & Wireless, one of the world's largest manufacturers of communications systems, leased 14,350 square feet on the 17th floor of Five Penn Plaza for its U.S. headquarters operation.

Incotel, Inc., one of the country's top strategic consultants and designers of computer-based communications data handling, signed a lease to occupy 12,000 square feet of space on the 17th floor of Five Penn Plaza, for its U.S. headquarters' operation.

Both 10-year deals were arranged by Drew O'Malley and Robert A.B. Baraf of the Edward S. Gordon Company, exclusive leasing agents for Five Penn Plaza.
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Title Annotation:Cable and Wireless PLC and Incotel Inc. lease commercial space in New York, New York
Publication:Real Estate Weekly
Date:Sep 1, 1993
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