Clarion inks 10-year lease at 230 Park Avenue

TRD New York /
Mar.March 28, 2013 02:00 PM

Clarion Partners, a New York City-based real estate investment manager, has decided to remain at 230 Park Avenue. The firm, which currently subleases space in the Midtown building from ING Investment Management, signed a direct 10-year lease for a 71,000-square-foot space, the New York Observer reported.

The firm is a former subsidiary of ING, which has long occupied the Monday Properties-owned building, between East 45th and East 46th streets.

The new agreement takes effect in 2014 and covers the 12th floor that Clarion already occupies. Clarion also takes space on part of the building’s 15th floor.

Clarion and the landlord have been in talks over a new lease since late last year. In 2011, a management team in partnership with Lightyear Capital acquired Clarion from ING.

In October, Clarion announced it had joined the Honest Buildings network, where it was the largest property owner to profile its properties, as The Real Deal reported. [NYO]TRD


Related Articles

arrow_forward_ios
Clarion Partners buys Bryant Park-area office building from EQ Office for $282M

Clarion Partners buys Bryant Park-area office building from EQ Office for $282M

These were the top 10 outer borough loans in September

These were the top 10 outer borough loans in September

Taconic, Clarion land $115M refi for Bronx housing complex

Taconic, Clarion land $115M refi for Bronx housing complex

National Debt Relief takes another 30K sf at 180 Maiden Lane

National Debt Relief takes another 30K sf at 180 Maiden Lane

At the desk of: Onay Payne

At the desk of: Onay Payne

Debt-consolidation firm inks 95K sf lease at 180 Maiden Lane

Debt-consolidation firm inks 95K sf lease at 180 Maiden Lane

Allan Fried and Clarion moving forward with FiDi hotel/retail redevelopment

Allan Fried and Clarion moving forward with FiDi hotel/retail redevelopment

Aion pays $30.2M for Clarion’s stake in 11 East 44th Street

Aion pays $30.2M for Clarion’s stake in 11 East 44th Street

arrow_forward_ios
Loading...