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.