The Real Deal New York

Cohen Brothers adds Talent Partners to 475 Park Ave. South

Payroll service provider to take second and third floors at Park Avenue building

June 06, 2014 11:20AM

cohen

Marc Horowitz and 475 Park Avenue South

Talent Partners, a company that provides payroll services to top advertising agencies, grabbed 32,250 square feet at the Cohen Brothers Realty Corporation-owned 475 Park Avenue South.

The 35-story office tower is in the middle of a $40 million renovation project that is slated for completion this year. The lobby, bathrooms, elevators and curtain wall are all receiving upgrades. Asset management firm the Carlyle Group agreed to buy a majority interest in Talent Partners last month. The tenant plans to leave its current space at 115 West 18th Street and take the full second and third floors at the Park Avenue property. Asking rent for the space is about $55 per square foot.

Cohen Brothers’ Marc Horowitz represented the landlord in-house, while Colliers International brokers Eric Ferriello and Robert Tunis represented the tenant.

Last year, technology services company Pixafy left its 37th-floor space at 475 Park Avenue for a spread at SL Green’s 810 Seventh Avenue, as previously reported. [NYO]Mark Maurer

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