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PARK AVENUE TOWER CURRENT SITUATION

BUILDING OVERVIEW

38 stories totaling 619,631 sf

Size:

15,500 sf

Typical Floor:

1986

Year Built:

The Blackstone Group L.P.

Ownership:

63,910 sf

Total Available:

The building is currently being marketed for sale for approximately $1,500/sf

Notes:

CURRENT AVAILABILITY

Asking

Floor

Size (sf)

Available

Type

E 29

15,436

$130 – $135.00

Immediate

Direct

E 28

15,517

$130 – $135.00

Immediate

Direct

E 26

16,442

$130 – $135.00

Immediate

Direct

E 25

16,515

$130 – $135.00

Immediate

Direct

RECENCT BUILDING TRANSACTIONS

LEASE TYPE

DATE FLOORS

LESSEE

SF

TERM RENT (PSF)

FREE TI (PSF) NER (PSF)

$86.00 x 5 Yrs; $93.00 x 5 Yrs; $100.00 x 5 Yrs

PineBridge Investments

Q1 19

E5-E7

57,333

15 Yrs

22 Mos

$150.00

$59.40

New Lease

4 Yrs, 6 Mos $100.00 x 4 Yrs, 6 Mos

Q2 19

E11

Exoduspoint

17,755

4 Mos

$20.00

$86.30

Expansion

$175.00 x 7 Yrs; $185.00 x 5 Yrs $105.00 x 6 Yrs; $113.00 x 5 Yrs $80.00 x 5 Yrs; $86.00 x 5 Yrs; $92.00 x 5 Yrs

Q3 19

E36

Lee Fixel

14,901

12 Yrs

10 Mos

$215.00

$134.38

New Lease

Q2 19

P16

Clear

10,185

11 Yrs

8 Mos

$150.00

$79.51

Expansion

Q3 18

E2-E4

BTIG

62,873

15 Yrs

14 Mos

$135.00

$60.52

New Lease

The Rohatyn Group (TRG)

$100.00 x 5 Yrs; $105.00 x 5 Yrs

Q3 18

P15

10,317

10 Yrs

13 Mos

$135.00

$68.87

New Lease

Q3 18

P15

CM Finance

4,597

5 Yrs

$115.00 x 5 Yrs

6 Mos

$135.00

$69.72

New Lease

4 | Stephens Inc.

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