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125 Park Avenue

125 Park Avenue
New York, NY 10017
Office, Leasing/Rental

125 Park Avenue, formerly known as the Pershing Square Building, is a 25-story office building in Midtown, Manhattan. Designed by York & Sawyer architects in the Romanesque Revival style, and construction was built in 1923. The building received $26 million in renovations in 1996 and a major lobby renovation followed in 2008.

New York real estate company SL Green bought the building from Shorenstein Realty Service for $330 million in 2010. As of the fourth quarter of 2014 SL Green collected 29.3 million in annualized rents. The building contains some 604,000 usable square feet. Major tenants at the building include Newmark & Company (133,215 square feet), TD Bank (57,941 square feet), Reed Elsevier, Chase Bank, and Starbucks.

-WP

  • Address 125 Park Avenue
  • neighborhood Midtown
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 125 PARK OWNER LLC
  • floors 24
  • Year Built 1923
  • square feet 520,416
  • block and lot 1-01296-0001
  • BIN 1036151
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 52,540
notes
The investment manager signed a lease for the Grand Central space.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 33,766
  • Publication Date 07/23/2018
  • Event Date 07/18/2018
  • Party 1 SL Green Realty
  • Party 2 Canon Solutions
notes
The camera manufacturer signed a deal to renew its lease for the Grand Central building for an additional 10.6 years.
  • Event Retail Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 850
  • Publication Date 07/16/2018
  • Event Date 07/13/2018
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Cryder Bancroft
  • Party 2 Starbucks
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker David Firestein
notes
The coffee shop renewed its lease for the Financial District location.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 7,786
  • Publication Date 08/16/2017
  • Event Date 08/16/2017
  • Party 1 Hotaling Group
  • Party 2 Global Business Travel
  • Party 2 Brokerage CBRE
  • Party 2 Broker Michael Liss
notes
The travel company inked a 9.5-year lease in Murray Hill.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 5,625
notes
The automotive technology company expanded on the 15th floor.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 51,000
  • Price per foot $ 70.00
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 30,365
  • Price per foot $ 70.00
  • Publication Date 08/01/2015
  • Event Date 06/22/2015
  • Party 1 SL Green Realty
  • Party 1 Brokerage SL Green Realty
  • Party 1 Broker Brett Herschenfeld, Cryder Bancroft
  • Party 2 Haworth
  • Party 2 Brokerage JLL
  • Event Retail leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,000
  • Price per foot $ 70.00
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 SL Green Realty
  • Party 2 Blink Fitness
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 51,707
notes
The bank signed a 15-year lease.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 133,215
  • Publication Date 01/01/2015
  • Event Date 11/17/2014
  • Party 1 SL Green Realty
  • Party 2 Newmark Grubb Knight Frank
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Brian Waterman
notes
The real estate company signed a renewal lease. It will expand its space by 31,377 square feet.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 56,764
notes
The law firm signed a new, 15-year lease to occupy the building's seventh and eighth floors.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 52,450
notes
The Internet radio provider signed a 10-year lease on the 19th and 20th floors.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 38,026
notes
The specialized staffing firm signed an 11-year lease for the entire fourth floor and parts of the third floor, the New York Observer reported.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 26,000
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 New York Blood Center
  • Party 1 Brokerage Cassidy Turley
  • Party 1 Broker David Lebenstein
  • Party 2 Atlantic Philanthropies
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Glenn Markman
notes
The nonprofit signed a sublease for the entire 21st floor.
  • Event Sales
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 651,000
  • Price $ 330,000,000
  • Price per foot $ 506.91
notes
The building went into contract for $330 million. The proposed tranaction is expected to close in the Third quarter. The property, originally known as the Pershing Square Building, is currently 99 percent leased.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 57,000
  • Publication Date 05/01/2010
  • Event Date 03/22/2010
  • Party 1 Financial Guarantee Insurance
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Stephen Schofel, Jordan Gosin, Merrill Roth
  • Party 2 HMX Group
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Timothy Gibson
notes
The tailored-clothing company subleased space to consolidate several offices.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 13,500
  • Price per foot $ 55.00
  • Publication Date 03/01/2010
  • Event Date 01/20/2010
  • Party 1 Shorenstein Properties
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Joshua Gosin
  • Party 2 Informatica
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Dan Segal
notes
The data integration software provider signed a seven-year lease for a portion of the 15th floor. The tenant was previously had about 9,000 square feet at 500 Fifth Avenue.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 29,960
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Meredith Corporation
  • Party 1 Brokerage Cushman & Wakefield
  • Party 1 Broker Robert Thuss
  • Party 2 Alvarez & Marsal Holdings
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker John Johnson
notes
The global professional services firm signed a sublease.
  • Event Office Leasing
  • Address 125 Park Avenue
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 31,000
notes
The manufacturer of workspaces and office furniture inked a lease for showroom and office space in the former Satellite Airline Terminal.