Credit research firm inks 28K sf lease in Midtown South

CreditSights signs on for 10 years at 2 Park Avenue

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.

Related Articles

Fears of coronavirus have led some of the world’s most prominent commercial real estate companies to pull out of the MIPIM conference in Cannes, France. (Credit: Getty Images, iStock)

Coronavirus exodus: CRE bigwigs ditch MIPIM

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

229 West 28th Street with Rodgers & Hammerstein (Credit: Getty Images, 229nyc, Rumi)

Lexin Capital puts Midtown South office building up for sale

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

250th Issue

The Real Deal celebrates 250 issues