Monday Properties and Invesco arrange six leases totaling 22,318 s/f
March 24, 2014 - Brokerage
Monday Properties and Invesco arranged the closing of six separate lease transactions at its 230 Park Avenue office tower totaling 22,318 s/f.
Jordan Berger, director of leasing at Monday Properties represented the landlord along with co-agent Jones Lang LaSalle - Paul Glickman, Frank Doyle, Jonathan Fanuzzi and David Kleiner.
* Eagle Advisors, LLC, a diversified financial advisory and financial services firm, signed an extension of its 4,466 s/f lease on the fifth floor. The firm, which has been a tenant at 230 Park Avenue since 2003, was represented by Gary Kamenetsky of CBRE.
* The Thompson Family Foundation, a private charitable organization, signed an extension of its 2,941 s/f lease on the 15th floor. Thompson family subsidiaries have been tenants at 230 Park Avenue dating back to 1982. Their lease extension was negotiated directly with Monday Properties.
* Sageworks, Inc., a leading source of industry data on the financial performance of private companies, signed a new lease for 2,687 s/f of new, pre-built office space on the fourth floor. The tenant was represented by Michael Leff and Stephen DeFlorio of Avison Young.
* Earth Networks, a company best known for its WeatherBug network of real time, pinpoint weather forecasts for 2.6 million cities around the world, signed an extension of its 3,998 s/f lease on the ninth floor. The tenant negotiated directly.
* In a 7-year lease transaction, Comerica Incorporated expanded by 7,286 s/f on the sixth floor. The tenant now occupies 13,158 s/f at 230 Park Avenue. The deal comes on the heels of the 2,000 s/f expansion they signed in the summer of 2013. The tenant negotiated directly.
* Starbucks renewed for 10 years its retail lease for 940 s/f on the Ground Floor of 230 Park Avenue on East 45th Street between Vanderbilt and Lexington Avenues. Starbucks has been a tenant since 2000 and is a highly valued amenity within the 230 Park Avenue community. David Firestein of The Shopping Center Group, the exclusive broker for Starbucks in the New York City region, represented the tenant.