trd topics

    X


    NAME


    EMAIL


    SUGGESTED
    UPDATE

    [wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    advanced search
    280 Park Avenue

    280 Park Avenue
    New York, NY 10017
    (212) 894-7988
    Website
    Office, Leasing/Rental

    Featuring two towers of 43 and 29 stories, this office building on the west side of Park Avenue stretches from 48th Street to 49th street, with access to Grand Centrals northwest passage. Its 1.28 million square feet were redeveloped in 2014 in a $150 million capital improvement project designed by Kohn Pederson Fox. Tenants include Blue Mountain Realty, a subsidiary of the hedge fund Blue Mountain Capital, occupying 78,000 square feet, and hedge funds Mount Kellett Capital Management, with 35,000 square feet, and Napier Park Global Capital with 25,000.

    SL Green Realty and Vornado Realty Trust acquired the building for almost $500 million in April 2011, taking control from Scott Lawlors financially troubled Broadway Partners.

    -NE

    • Year Built 1962
    • square feet 386,166
    • block and lot 1-01284-0033
    • BIN 1035441
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 75,000
    notes
    The multinational investment manager renewed its lease in the Plaza District building.
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 7,763
    • Publication Date 11/20/2017
    • Event Date 11/14/2017
    • Party 1 PJT Partners
    • Party 1 Brokerage Savills Studley
    • Party 1 Broker Lance Leighton, Evan Margolin
    • Party 2 Victory Capital Management
    • Party 2 Brokerage CBRE
    • Party 2 Broker Alex Benisatto
    notes
    The asset manager inked a sublease for part of the 16th floor.
    For more info, click here
    • Event Financing
    • Address 280 Park Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 386,166
    • Price $ 1,200,000,000
    notes
    The developers acquired a $1.2 billion refinancing loan.
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 49,000
    notes
    The international bank signed a lease.
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 20,123
    notes
    The financial services firm signed a lease.
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 55,000
    notes
    The private equity firm signed a lease.
    For more info, click here
    • Event Financing
    • Address 280 Park Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 1,250,000
    • Price $ 900,000,000
    notes
    The company refinanced a $900 million loan.
    For more info, click here
    • Event Residential Sales
    • Building Name 280 Park Avenue South
    • Address Unit 11F, 280 Park Avenue South
    • Unit 11F
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 714
    • Price $ 1,200,000
    • Price per foot $ 1,680.67
    • Publication Date 03/10/2016
    • Event Date 01/29/2016
    • Party 2 Verma, Maheshwer B; Verma, Punita
    For more info, click here
    • Event Residential Sales
    • Building Name 280 Park Avenue South
    • Address Unit 11D, 280 Park Avenue South
    • Unit 11D
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 629
    • Price $ 1,215,000
    • Price per foot $ 1,931.64
    • Publication Date 08/31/2015
    • Event Date 08/11/2015
    • Party 1 Chan, Yueh-Mei; Chuang, Chih-Ning; Chuang, Gina
    • Party 2 Grippo, Larry
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 50,000
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 100,000
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 100,000
    • Price per foot $ 100.00
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 28,857
    notes
    The hedge fund signed an expansion lease. The firm now occupies a total of 78,398 square feet. The reported asking price in the building range from $95 to $130 per square foot
    For more info, click here
    • Event Office Leasing
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 25,000
    • Publication Date 08/01/2014
    • Event Date 06/22/2014
    • Party 2 Napier Park Global Capital
    • Party 2 Brokerage Newmark Grubb Knight Frank
    notes
    The alternative asset management firm signed a new lease. The tenant is relocating from 399 Park Avenue.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 49,541
    notes
    The strategy, risk management and regulatory compliance consulting firm signed a lease to relocate from a smaller, 19,495-square-foot space on the 40th floor, GlobeSt.com reported.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 49,541
    notes
    The private investment company signed a lease to relocate from a smaller, 22,250-square-foot space on the fifth floor, GlobeSt.com reported.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 40,000
    • Price per foot $ 120.00
    notes
    The hedge fund sponsor signed a lease renewal and expansion, according to the New York Post.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 17,000
    • Publication Date 12/01/2011
    • Event Date 10/22/2011
    • Party 1 Landesbank Baden-Württemberg
    • Party 1 Brokerage Savills Studley
    • Party 1 Broker John Johnson, Camille McGratty
    • Party 2 Brencourt Advisors
    • Party 2 Brokerage Newmark Grubb Knight Frank
    • Party 2 Broker Daniel Madison, John Moran
    notes
    The investment advisor signed a new sublease on the 30th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 17,320
    notes
    The private equity firm signed an expansion lease for the 22nd floor. The company already occupies the entire 23rd floor.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,660
    notes
    The venture firm signed a lease for the entire 26th floor. The tenant is relocating from 750 Third Avenue.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,660
    notes
    The private bank and wealth management firm signed a 10-year lease to relocate to the entire 29th floor from a smaller space on the second floor.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,600
    • Price per foot $ 85.00
    notes
    The bank signed a 10-year lease on the 35th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,650
    notes
    The outsourcing and transformation services provider inked a lease on the 38th floor.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 5,613
    notes
    The real estate investment firm signed a lease.
    For more info, click here
    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,650
    notes
    The healthcare investment firm signed a lease on the 27th floor.
    To see all, go to Advanced Search

    Sizing up commercial real estate’s lending giants
    01/01/2018
    But it turns out the bank never missed a beat. It had a hand in several major syndicates last year, including the $1.75 billion financing of HNA Group’s 245 Park Avenue acquisition in April and a $1.075 billion refinancing of SL Green Realty and Vornado Realty Trust’s 280 Park Avenue...

    NYC’s 10 biggest real estate loans of 2016
    12/27/2016
     The biggest single issuance of the batch was a $900 million May loan to refinance SL Green Realty and Vornado Realty Trust’s 1.25-million-square-foot office tower 280 Park Avenue...

    Scorecard: Deutsche Bank is lending big league to Manhattan's top landlords
    10/28/2016
    The German bank provided at least $3.8 billion of approximately $19 billion in deals of $100 million or more that were recorded through August 31, 2016. Deutsche lent $900 million on Related Companies’ 10 Hudson Yards office building, which opened earlier this year, and another $900 million on SL Green Realty and Vornado Realty Trust’s jointly owned 280 Park Avenue...

    Where have the listings gone?
    09/01/2014
    Audax is currently located in the 390,000-square-foot 280 Park Avenue, between 48th and 49th streets...

    Twitter, Spotify, Mashable among January’s high-wattage lease signings
    02/01/2014
    If further proof was needed that Manhattan is becoming a technology-company haven, look to leasing activity in January. Several tech powerhouses, including Twitter and IBM,If further proof was needed that Manhattan is becoming a technology-company haven, look to leasing activity in January. Several tech powerhouses, including Twitter and IBM,...

    The Commercial Slowdown
    12/05/2007
    He cited the $1.2 billion sale of 280 Park Avenue, which was first announced in April and just closed last month...

    Manhattan's biggest building buyers
    06/01/2007
    In the past year Broadway Partners went on a nationwide commercial real estate buying spree, which in New York included shelling out $1.25 billion for 1.2 million square feet at 280 Park Avenue and $644 million for 1.7 million square feet at 450 West 33rd Street...