Newmark Grubb Knight Frank (NGKF) has been named by Brookfield Office Properties as the exclusive leasing agent for the available and soon to be available space at 245 Park Avenue, a prominent Park Avenue trophy office building.
Located a block from Grand Central Station, the 44-story, glass and steel office tower that spans approximately 1.8 million square feet is currently 95.5% leased, and offers unparalleled views of the city and the East River. The property houses an impressive roster of tenants including Societe Generale, Rabobank, Major League Baseball and Angelo, Gordon & Co.
A direct access passageway to Metro North, on the 47th Street side of the building, is expected to be completed in the next 30 days making the location even more desirable.
“We are very excited to be partnering with Brookfield, in leasing a Park Avenue trophy asset. Given the quality of ownership and location of the asset, coupled with the building’s direct access to Metro North and the efficiencies of the floor plate, the building is a perfect alternative for the financial and legal industries that are seeking a prestigious Park Avenue address and convenience for their commuting employees,” says David Falk, president of the Tri-State Region for Newmark Grubb Knight Frank, who is heading up the leasing team for the building.
In May of 2013, a block of space on the 22nd through 24th floors, totaling approximately 110,000 square feet, will become available for lease. The building also has available the 35th floor, approximately 38,000 rsf, which offers tenants breath-taking panoramic views of the city including spectacular views of the East River. In addition, the partial 41st and 42nd floors measuring 13,288 rsf and 17,033 rsf, respectively, which are currently available, offer smaller-sized tenants the opportunity to be located at 245 Park Avenue.
“245 Park Avenue has the flexibility to provide different space options for a variety of different sized tenants. There are only two buildings on Park Avenue that have a block of space over 100,000 rsf, thus this is a rare opportunity for a firm, with a large requirement, looking to be located on Park Avenue,” says Peter Shimkin, NGKF senior managing director, who is also on the leasing team with Director Nick Berger.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. and together with its affiliates and London-based partner Knight Frank employs over 11,000 professionals operating from more than 300 offices globally, with over 680 million square feet under management. A major force in the real estate marketplace, Newmark Grubb Knight Frank is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.
About Brookfield Office Properties
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada, Australia and the United Kingdom. Its portfolio is comprised of interests in 112 properties totaling 78 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, London, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets. Landmark properties include the World Financial Center in Manhattan, Brookfield Place in Toronto, Bank of America Plaza in Los Angeles, Bankers Hall in Calgary, Darling Park in Sydney and Brookfield Place in Perth. The company’s common shares trade on the NYSE and TSX under the symbol BPO. For more information, visit www.brookfieldofficeproperties.com.