Monday Properties and Invesco sign 2,400 s/f lease at 230 Park Avenue with Bank of the Ozarks

Monday Properties and Invesco, owners of 230 Park Avenue, signed a new office lease with Bank of the Ozarks, the 100-year-old, Little Rock, AR-based community bank with offices throughout the Southeast. The new lease for 2,400 s/f on the landmark building's ninth floor will be the bank's first office in New York City. In addition, it was announced that Dallas, TX-based Comerica, another banking institution with a national presence, has expanded its footprint by 1,800 s/f, to now occupy 5,900 s/f on the sixth floor at 230 Park Avenue. In a third transaction, The Leona M. and Harry B. Helmsley Charitable Trust signed a new 15-year lease for 5,400 s/f on the fifth floor of 230 Park Avenue. In the leasing transactions, Bank of the Ozarks was represented by James Wenk of Jones Lang LaSalle. Comerica and the Helmsley Trust negotiated directly. Monday Properties was represented in-house by Jordan Berger in all three transactions, together with the 230 Park Avenue co-broker team from Jones Lang LaSalle; Frank Doyle, Jonathan Fanuzzi, Paul Glickman, and David Kleiner. Brian Robin, President of Monday Properties, said, "Over the years, the ownership of 230 Park Avenue has earned the trust of the international banking community. We are delighted to welcome Bank of the Ozarks to our tenant roster of banking institutions including ING, Deutsche Bank, Union Bank of California, Bank of Argentina, HSH Nordbank and Comerica." He added, "We are gratified by the pace of leasing activity at 230 Park, with these three transactions alone aggregating 9,600 s/f." The 34-story tower, located between 45th and 46th Streets, comprises 1.4 million s/f of Class A office space and is surrounded by Midtown's finest restaurants, boutiques and hotels. 230 Park Avenue is a LEED-EB Gold certified building and overlooks Park Avenue and sits atop Grand Central Terminal. 230 Park Avenue offers full floor opportunities in the building; both at the base with a 70,000 s/f floor plate and in the tower, providing a 21,000 s/f floor plate.