Credit research firm inks 28K sf lease in Midtown South

CreditSights signs on for 10 years at 2 Park Avenue

TRD New York /
Mar.March 14, 2018 05:48 PM

2 Park Avenue in Midtown South

Research firm CreditSights signed a lease for roughly 28,000 square feet in Midtown South.

The company, founded in 2000, signed a 10-year lease at Morgan Stanley Real Estate Fund’s 2 Park Avenue, sources told The Real Deal.

Representatives for CreditSights did not respond to multiple requests for comment, and a spokesperson for Morgan Stanley couldn’t be immediately reached.

The starting rent in the deal was in the mid-$60s per square foot, according to CompStak.

It wasn’t immediately clear if the tenant will be relocating its headquarters from its current location at TH Real Estate’s 470 Park Avenue South. CreditSights occupies about 20,00 square feet there on a lease set to expire in late 2021.

Savills Studley’s Nick Farmakis represented CreditSights in the deal. A Cushman & Wakefield team led by Tara Stacom handles leasing at the 981,000-square-foot property at 2 Park Avenue. Neither broker responded to requests for comment.

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