Morgan Stanley’s 2 Park Avenue now fully leased

New York /
Feb.February 03, 2014 10:04 AM

UPDATED: 10:31 a.m., February 3: Morgan Stanley Real Estate Fund’s office tower at 2 Park Avenue is now fully leased, following a new lease with women’s clothier Talbots and a lease extension with medical malpractice firm Medical Liability Mutual Insurance Company.

In a 12-year deal, Talbots will take 49,574 square feet on the second floor of the 981,000-square-foot, 29-story tower, located between 32nd and 33rd streets. Medical Liability also opted to renew its lease for 10 years for a 54,616-square-foot space on the 25th and 26th floors.

The landlord was represented by Cushman & Wakefield’s Tara Stacom, David Green, Mitchell Arkin, Whitten Morris and Michael Tranfalia, the Wall Street Journal reported. Talbots was represented by Colliers International’s Marvin Rosenberg and Medical Liability was represented by Newmark Grubb Knight Frank’s Mark Weiss and Robert Eisenberg.

Other tenants in the building include women’s designer Kate Spade, which opted to expand to more than 135,000 square feet in July 2013, as The Real Deal reported. [WSJ, 2nd item]  – Hiten Samtani


Related Articles

arrow_forward_ios
1301 Sixth Avenue and Paramount Group's Albert Behler (Google Maps, Getty)
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
Wells, Morgan Stanley to provide Paramount’s $860M refi at 1301 Sixth Avenue
(iStock illustration by Kevin Rebong for The Real Deal)
Morgan Stanley bans unvaccinated staffers from offices
Morgan Stanley bans unvaccinated staffers from offices
Morgan Stanley’s James P. Gorman and their Broadway headquarters. (Getty)
Morgan Stanley plans “full return” to office
Morgan Stanley plans “full return” to office
Gap Senior Director of Real Estate Jennifer Rondholz, Morgan Stanley Prime Property Fund head Scott Brown and 170 Broadway (Linkedin, Google Maps)
Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent
Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent
Morgan Stanley CEO James Gorman (Photo by Andrew Burton/Getty Images)
Morgan Stanley on firm’s future: “Much less real estate”
Morgan Stanley on firm’s future: “Much less real estate”
522 Fifth Avenue, Morgan Stanley’s James Gorman and RFR Realty’s Aby Rosen (Credit: Getty Images; Google Maps)
RFR to buy Morgan Stanley’s 522 Fifth Avenue for $350M
RFR to buy Morgan Stanley’s 522 Fifth Avenue for $350M
1412 Broadway (Credit: Google Maps)
Isaac Chetrit lands $210M refi for Garment District office building
Isaac Chetrit lands $210M refi for Garment District office building
55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)
Here’s how much Facebook is paying at Hudson Yards
Here’s how much Facebook is paying at Hudson Yards
arrow_forward_ios

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

Loading...