Credit research firm inks 28K sf lease in Midtown South

CreditSights signs on for 10 years at 2 Park Avenue

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.


Related Articles

arrow_forward_ios
Equity Group Investments chairman Sam Zell (Getty, iStock)
Office market’s recovery will outpace retail amid “viability” questions, Zell says
Office market’s recovery will outpace retail amid “viability” questions, Zell says
(iStock)
CRE sales hit record $809B in 2021
CRE sales hit record $809B in 2021
Steven Pozycki, chief executive officer, SJP Properties, in front of 111 River Street in Hoboken, NJ (SJP Properties, LoopNet, iStock)
SJP, David Werner buy waterfront Hoboken office, retail property
SJP, David Werner buy waterfront Hoboken office, retail property
SUNY WCC President Belinda Miles and the Cross County Center in Yonkers (Great Ink Communications/Marx Realty)
College leases 40K sf at ex-Sears in Yonkers
College leases 40K sf at ex-Sears in Yonkers
Meridian Capital’s Ralph Herzka with 165 Central Avenue, 198 Scholes Street, 11 Gunther Place in Brooklyn (Getty, Google Maps, Apartments)
Meridian Capital could get exclusive on All Year’s $1B portfolio
Meridian Capital could get exclusive on All Year’s $1B portfolio
Southampton Town supervisor Jay Schneiderman (jayschneiderman.com, Google Maps)
Southampton Town considers buying 40 acres
Southampton Town considers buying 40 acres
Alan Feldman, chief executive officer, president & chairman of the board, Resource REIT; Stephen Schwarzman, chairman, ceo & co-founder, Blackstone (Resource REIT, Getty Images, 1000 Spalding Apartment Homes)
Blackstone to pay $3.7B for REIT in latest rental push
Blackstone to pay $3.7B for REIT in latest rental push
360 Kingsland Avenue in Greenpoint, Brooklyn (Google)
Sitex Group pays $30M for Greenpoint industrial property
Sitex Group pays $30M for Greenpoint industrial property
arrow_forward_ios

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

Loading...