RXR Realty scored its first big renewal at 237 Park Avenue after acquiring the 21-story office property with Walton Street Capital early last year. Prudential Financial-owned investment firm Jennison Associates renewed its lease for 146,000 square feet and added 20,000 square feet.
The space’s asking rent is in the $80-per-square-foot range. Jennison is set to occupy part of the 19th floor, in addition to the 17th and 18th floors, as part of the 10-year renewal. [more]