120 Park Avenue | TRD Research
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120 Park Avenue

118 Park Avenue
New York, NY 10017
Office, Leasing/Rental
  • Address 118 Park Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner Eastgate Realty
  • owner entity 120 PARK AVENUE ASSOC
  • floors 26
  • Year Built 1981
  • commercial units 4
  • total units 4
  • square feet 600,000
  • block and lot 1-01276-0033
  • BIN 1035334
  • Event Office Leasing
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 468,000
notes
The media and financial-information company signed a deal to renew its lease for the Grand Central building for an additional 11 years.
  • Event Office Leasing
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 68,000
notes
The media company signed an expansion lease on three floors, the New York Post reported. The tenant is adding to its existing 400,000 square feet of space at the building.
  • Event Office Leasing
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 60,000
notes
The computer technology firm signed an 11-year lease for part of the 24th floor and the entire 25th and 26th floors.
  • Event Office Leasing
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 400,000
notes
The media company signed a lease for 16 floors. It plans to move into the new office later this year. The company also has nearly 900,000 square feet at its headquarters at 731 Lexington Avenue.
  • Event Sales
  • Address 120 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 643,000
  • Price $ 525,000,000
  • Price per foot $ 816.49
  • Publication Date 01/01/2008
  • Event Date 11/22/2007
  • Party 1 Altria Group
  • Party 1 Brokerage CBRE
  • Party 2 Global Holdings Inc.
notes
The property sold for $525 million, or $816 per square foot. Altria, the Phillip Morris parent, is relocating 80 percent of its woRobert K. Futterman Associatesorce to Richmond, Va. The building's branch of the Whitney Museum is also departing.

04/01/2012
The first-quarter figure was just over half the 12 million recorded in the first three months of 2011, which was a particularly active period for Manhattan leasing, with major deals like NBC Universal renewing a 1.3 million-square-foot lease at 30 Rockefeller Plaza, and Bloomberg LP leasing 482,399 square feet at 120 Park Avenue...

03/31/2011
Brokers pointed to recent examples such as Wells Fargo being snubbed at 120 Park Avenue in favor of Bloomberg LP, and law firm WilmerHale losing out at 825 Eighth Avenue after Nomura Holding America sought more space there...

02/28/2011
And growing Bloomberg LP took a massive 400,000 square feet at 120 Park Avenue in Midtown...