280 Park Avenue | The Real Deal New York

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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

Ranking CRE’s lending giants
01/12/18
...SL Green Realty and Vornado Realty Trust’s 280 Park Avenue. Wells Fargo wasn’t far behind, taking the No. 2 spots in both the non-construction...

Sizing up commercial real estate’s lending giants
...SL Green Realty and Vornado Realty Trust’s 280 Park Avenue. Wells Fargo wasn’t far behind, taking the No. 2 spots in both the non-construction...

Barclays, Citi provide CIM with loan to buy
16 Court St.
10/12/17
...to refinance the 1.26 million-square-foot trophy office tower at 280 Park Avenue. Citigroup earlier this took part in the $2.3 billion refinancing of Boston Properties’ GM Building...

These were the largest real estate loans recorded in August
09/19/17
...From left: 280 Park Avenue, Steve Roth, Joseph Moinian and Sky at 605 West 42nd Street When new building sales...

The five landlords that have the most to gain from the Midtown East rezoning
09/14/17
...From left: 280 Park Avenue, Scott Rechler, Rob Speyer, Marc Holliday and rendering of 1 Vandebilt Just five landlords lay...

SL Green partners with Daniel Boulud for restaurant at 1 Vanderbilt
04/17/17
...at SL Green and Vornado Realty Trust’s 280 Park Avenue with a traditional lease. Once complete, the office tower is expected to contain 1.7 million...

Boston Properties won’t be selling prime assets this cycle: Owen Thomas
04/06/17
...real estate cycle, selling trophy office towers like 280 Park Avenue for $1.2 billion in 2006 and 5 Times Square for $1.3 billion in 2007. But don’t expect the...

SL Green, Vornado sign Japanese financial firm at 280 Park
02/10/17
...From left: Marc Holliday, 280 Park Avenue and Steve Roth The U.S. arm of Japan-based financial firm Orix USA Corporation...

Wall Street in the age of Trump
...proposal activity and leases that are being negotiated — 280 Park Avenue in particular,” he said during an earnings call, referring to the Midtown tower that...

Wells Fargo planning 40K sf renewal and expansion at 280 Park
01/12/17
...280 Park Avenue and Wells Fargo’s Timothy Sloan Wells Fargo is in late-stage talks on a...

The Four Seasons
Surprise! The Four Seasons Restaurant will be popping up in New Orleans
01/08/17
From Luxury Listings NYC: Well this is unexpected! After the Four Seasons Restaurant closed with much fanfare (and a couple of angry Instagram posts) this July,...

NYC’s 10 biggest real estate loans of 2016
12/27/16
...left: 9 West 57th Street, 10 Hudson Yards, 1285 Sixth Avenue, 280 Park Avenue and 225 Liberty Street UPDATED, Dec. 28, 4:50 p.m.: Manhattan’s real estate finance industry had...

Vornado, SL Green land private equity tenant at 280 Park
12/19/16
...280 Park Avenue in Midtown   Private equity firm Antares Capital signed a 55,000-square-foot lease at Vornado...

Power lunchers prepare for a transformed Four Seasons
11/26/16
...the holiday season at its new location on 280 Park Avenue. But the owners, Julian Niccolini and Alex von Bidder, have let slip that the...

Book review: Jonathan Rose’s “The Well-Tempered City”
11/23/16
...in on a huge triumph: the completion of 280 Park Avenue, an Emery Roth-designed building in Midtown that was to be the company’s first...

The composer of smart cities
...in on a huge triumph: the completion of 280 Park Avenue, an Emery Roth-designed building in Midtown that was to be the company’s first...

Scorecard: Deutsche Bank is lending big league to Manhattan’s top landlords
10/28/16
...Realty and Vornado Realty Trust’s jointly owned 280 Park Avenue. Despite some turbulence, the cheap debt market helped lower the cost of issuing preferred...

NYC’s biggest real estate firms are “paranoid” about cybersecurity and excited by virtual reality: panelists
09/30/16
...He pointed to the 43-story office tower at 280 Park Avenue, a collaboration between SL Green and Vornado, where a $150 million investment paid off, he...

Facing rising rents, top restaurants choose to say goodbye
09/07/16
...Building and is set to relocate to Nearby 280 Park Avenue. And Danny Meyer plans to Reopen The Shuttered Union Square Cafe On East 19th...

Hamptons Weekly Roundup: Four Seasons may open Southampton pop-up, Clinton continues Hamptons fundraising blitz … & more
08/10/16
...at SL Green Realty and Vornado Realty Trust's 280 Park Avenue. So, those who don't make it to the Hamptons can still get their fill...

Inside the Four Seasons restaurant auction: A Manhattan landmark goes under the hammer
07/26/16
...SL Green Realty and Vornado Realty Trust’s 280 Park Avenue. At a 2009 New York Observer party in the Grill Room for some of real...

Four Seasons restaurant finds new home at 280 Park 
05/27/16
...From left: The Four Seasons restaurant and 280 Park Avenue After getting the boot by Aby Rosen, the Four Seasons restaurant found a new...

Four Seasons restaurant moving to site “5 minutes” away from Seagram Building
04/07/16
...SL Green Realty and Vornado Realty Trust’s 280 Park Avenue – a possibility given its proximity to the Seagram Building’s 475 Park Avenue address. Fosun...

The wave crests: Office landlords slashing rents in Midtown
03/23/16
...280 Park Avenue in Midtown Facing increased competition from boutique office space in the Meatpacking District and...

Midtown office rents started to drop in February: report
03/14/16
...280 Park Avenue in Midtown (inset, from left: Marc Holliday and Steven Roth) Despite reports suggesting that...
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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 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
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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 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 17,000
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 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 6,100
notes
The hedge fund signed a 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 10,568
notes
The supplemental lender established by the U.S. government signed a lease renewal on the fourth 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.
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.
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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.
For more info, click here
  • Event Office Leasing
  • Building Name West Building
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 20,200
notes
The hedge fund inked a 10-year expansion lease for the entire 33rd floor. The company currently occupies a 14,000-square-foot space on the 35th floor.
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  • Event Sales
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 1,200,000,000
  • Price per foot $ 1,000.00
  • Publication Date 05/01/2007
  • Event Date 03/22/2007
  • Party 1 Istithmar
  • Party 2 Broadway Partners
notes
The two connected buildings sold for a little more than $1.2 billion. Istithmar bought the property in June 2006 for $1.2 billion.
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  • Event Sales
  • Address 280 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,200,000
  • Price $ 1,200,000,000
  • Price per foot $ 1,000.00
  • Publication Date 07/01/2006
  • Event Date 05/22/2006
  • Party 1 Boston Properties
  • Party 2 Affiliate of Istithmar PJSC
notes
The purchaser, an affiliate of the Dubai government's equity investment vehicle, paid $1.2 billion, or $1,000 per square foot, for the class A property. It comprises one 30-story tower fronting on Park Avenue and one 43-story tower fronting on Madison Avenue, linked by a shared lobby. Boston Properties acquired the property in 1997.
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Where have the listings gone?
...July. Audax is currently located in the 390,000-square-foot 280 Park Avenue, between 48th and 49th streets. Another recent lease, as TRD reported, was inked by...

Twitter, Spotify, Mashable among January’s high-wattage lease signings
...funds to their jointly owned office building at 280 Park Avenue. Napier Park Global Capital took 25,000 square feet on the third floor of the 1.2-million-square-foot...

The Commercial Slowdown
...Colliers ABR. He cited the $1.2 billion sale of 280 Park Avenue, which was first announced in April and just closed last month. "You saw where...

Manhattan’s biggest building buyers
...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. SL Green, the city's...
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