IMG grows at 304 Park Avenue South

New York /
Jul.July 27, 2013 12:00 PM

IMG Worldwide will be expanding its lease at 304 Park Avenue South, the New York Observer reported.

Under the terms of the new lease, the global sports, fashion and media firm will now occupy 72,080 square feet in the building. The lease also grew from its original term of 10 years to 15 years. The company will continue to operate its global headquarters out of The General Motors Building On Fifth Avenue.

IMG also has offices throughout the city, including presences at 432 West 45th Street, 14 Penn Plaza And 51 West 25th Street, serving IMG Art + Commerce and regional IMG College divisions.

Michael Laginestra, Rocco Laginestra and Christopher Mansfield from CBRE represented the tenant on leasing negotiations. Meanwhile, Steven Durels, Howard Tenenbaum and Gary Rosen negotiated the lease on behalf of landlord SL Green Realty in-house.

Asking rents in the building are around $65 per square foot for office tenants and $275 per square foot for Its Retail Space Along The 23rd Street corridor. [NYO] – James Comtois


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
48 Willow Place and 568 First Street in Brooklyn (Google Maps, Unsplash)

Brooklyn sees $49M in luxury contracts signed during holiday week

Brooklyn sees $49M in luxury contracts signed during holiday week
 One Union Square South (StreetEasy)

Argentinian firm revealed as buyer of Related’s One Union Square

Argentinian firm revealed as buyer of Related’s One Union Square
Second monthly decline in contract activity signals looming decline in U.S. home sales (iStock)

Pending home sales fall again as prices continue to rise

Pending home sales fall again as prices continue to rise
2544 Valentine Avenue in the Bronx (Photo via Black Bear Capital Partners)

Bronx rent-stabilized multifamily portfolio nabs $186M loan

Bronx rent-stabilized multifamily portfolio nabs $186M loan
CBRE CEO Robert Sulentic (iStock)

CBRE lowers SPAC IPO valuation target to $350M

CBRE lowers SPAC IPO valuation target to $350M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...