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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.
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 7,763
notes
The asset manager inked a sublease for part of the 16th floor.
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  • 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.
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 49,000
notes
The international bank signed a lease.
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 20,123
notes
The financial services firm signed a lease.
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 55,000
notes
The private equity firm signed a lease.
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  • 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.
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  • 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
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  • 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
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 50,000
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  • Event Office Leasing
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 100,000
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  • 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
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  • 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.
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  • 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.
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  • 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.
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  • Event Office Leasing
  • Building Name West Building
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 17,000
notes
The investment advisor signed a new sublease on the 30th floor.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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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...