News: Brokerage

Cushman & Wakefield arranges 18,803 s/f lease for Complete Discovery Source Inc. at 250 Park Ave.

New York, NY Cushman & Wakefield has arranged an 18,803 s/f lease for Complete Discovery Source Inc. at 250 Park Ave. The tenant, a legal services firm, will occupy the entire 18th floor.

Cushman & Wakefield’s David Hoffman, Robert Billingsley and Whitnee Williams represented the landlord, AEW Capital Management, in the transaction. Arthur Spitalnick of Kaufman Leasing Company represented the tenant.

“We are thrilled Complete Discovery Source committed long-term to 250 Park Ave. with a direct lease after being a subtenant in the building,” said Hoffman. “Complete Discovery Source’s decision to remain at 250 Park Ave. speaks to the building’s modern infrastructure and incredible location.”

250 Park Ave. is a commercial office building with a retail component in Midtown Manhattan offering Park Avenue elegance with an efficient center core floor design. The institutionally owned building has completely updated its infrastructure to include a new HVAC system, fiber-optic phone lines, new elevator mechanicals and a modern new lobby with entrances on both Park and Vanderbilt Ave.'s.

“250 Park Ave. is a highly desirable building due to its Class A work environment with a new lobby, interior elevator cabs and state-of-the-art innovations and location in Midtown East,” said Spitalnick. “Having been at the space previously as a subtenant, Complete Discovery Source wanted this location to be a permanent office to support the company’s growth.”

Located steps from Grand Central Terminal and the new Grand Central Madison LIRR station, 250 Park Ave. offers exceptional access to public transportation including Metro North and multiple subway lines, including the 4, 5, 6, 7 and S trains. The neighborhood features an abundance of retail, dining and hospitality options within walking distance.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their