News: Brokerage

SL Green Realty Corp. arranges 52,450 s/f lease for Pandora Media, Inc. at 125 Park Avenue

SL Green Realty Corp. revealed that popular personalized internet music provider Pandora Media, Inc. has signed a 10-year lease covering 52,450 s/f on the entire 19th and 20th floors of 125 Park Avenue, the 26-story, 572,705 s/f building located directly across from Grand Central Terminal. "We are delighted to welcome Pandora to the building," said Steven Durels, executive vice president and director of leasing and real property for SL Green, who added, "Pandora was attracted to the building because of its convenient location with immediate access to Grand Central Terminal and floors that have high slab heights and oversized windows." Other tenants in the building include Haworth, Canon Business Solutions, Emerge 212, and Newmark Grubb Knight Frank. CBRE's William Iacovelli and Ramsey Feher represented Pandora in the transaction, while Newmark Knight Frank's David Falk, Peter Shimkin, Daniel Levine and Brian Waterman acted on behalf of SL Green.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
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.