Varagon Capital Partners, an asset manager, signed a 28,316-square-foot lease at the 1.2 million-square-foot building, spanning the entire third story of the 42-story tower, according to Real Estate Weekly. The firm was previously located at 488 Madison Avenue and plans to Move Into Park Avenue by the end of the year.
In 2013, Capital One signed a deal to occupy 250,000 square feet at 299 Park. UBS Bank, which occupied as much as 466,000 square feet in 2000, clawed back its footprint last year to 120,000 square feet. [REW] – Eddie Small