advanced search 345 Park Avenue
345 Park Avenue is a 634-foot tall, 1,832,210-square-foot office skyscraper in Midtown, Manhattan. It was built in 1969 at the former site of The Ambassador Hotel by Rudin Management Comapany, and was designed by Emery Roth & Sons architects. The building has an annual NOI of $68.9 million and is the most profitable in Rudins property portfolio. It was renovated in 1999.
The buildings biggest leaseholder is accounting firm KPMG with 639,562-square-feet. Other major tenants include The Blackstone Group (212,550-square-feet), Deutche Bank (183,566-square-feet), the headquarters of the National Football League (NFL) (173,885-square-feet), and Loeb & Loeb (117,914-square-feet).
- Address 345 Park Avenue
- neighborhood Plaza District
- borough Manhattan
- owner Rudin Management
- owner entity 345 PARK AVENUE, L.P.
- architect Emery Roth & Sons
- sales/marketing Rudin Management, Thomas Keating
- height in feet 634
- Year Built 1969
- square feet 1,832,210
- block and lot 1-01306-0001
- BIN 1036460
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- Event Financing
- Address 345 Park Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 1,712,218
- Price $ 550,000,000
- Publication Date 12/30/2018
- Event Date 12/24/2018
- Party 1 Rudin Management
- Party 2 Prudential Real Estate, New York State Teachers Retirement System
notes
The lender issued a loan of $550 million for the Midtown East property.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 148,587
- Publication Date 12/16/2018
- Event Date 12/12/2018
- Party 1 Rudin Family
- Party 1 Brokerage Rudin Management
- Party 1 Broker Tom Keating
- Party 2 Blackstone Group
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker Neil Goldmacher
notes
The investment firm signed a deal to expand its lease for the Midtown East building.
- Event Financing
- Address 345 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Publication Date 07/01/2013
- Event Date 05/22/2013
- Party 1 RFR Holding
- Party 2 Citibank
notes
A $100 million, 10-year CMBS loan was provided to refinance the property. 12-story office building.
- Event Retail Leasing
- Address 345 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 7,675
- Publication Date 09/01/2010
- Event Date 07/23/2010
- Party 1 RFR Holding
- Party 1 Brokerage RKF
- Party 1 Broker Robert Futterman, Joshua Strauss, Michael Worthman
- Party 2 Doral Bank
- Party 2 Brokerage William Crisp Realty
- Party 2 Broker William Crisp
notes
The bank signed a lease.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 180,000
- Publication Date 09/01/2010
- Event Date 07/18/2010
- Party 1 Rudin Management
- Party 1 Brokerage Represented in-house
- Party 2 National Football League
- Party 2 Brokerage JLL
- Party 2 Broker Lou D'Avanzo, Peter Hennessy, Daoud Awad
notes
The NFL signed a lease for 150,000 square feet on the fifth through seventh floors and 30,000 square feet below grade. The above-ground floors had a reported asking rent of $70 per square foot.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 65,000
- Publication Date 07/01/2010
- Event Date 05/17/2010
- Party 1 Rudin Management
- Party 2 Piper Jaffray
notes
The investment bank signed a lease. The reported asking rent was in the $70s per square foot. The tenant is consolidating and relocating its offices from 245 Park Avenue and 150 East 42nd Street.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 155,000
- Publication Date 10/01/2009
- Event Date 08/17/2009
- Party 1 Rudin Management
- Party 1 Brokerage Rudin Management
- Party 1 Broker Tom Keating
- Party 2 Loeb & Loeb
- Party 2 Brokerage CBRE
- Party 2 Broker Brian Gell, Lewis Miller, Ken Rapp
notes
The law firm signed a new 20-year lease directly with the landlord for floors 18 through 20 and expanded onto the 12th floor. The company had been subleasing space from Bristol Meyers at the building.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 150,000
- Publication Date 01/01/2009
- Event Date 11/17/2008
- Party 1 Rudin Management
- Party 1 Brokerage Rudin Management
- Party 1 Broker Tom Keating
- Party 2 Deutsche Investment Management Americas
- Party 2 Brokerage CBRE
- Party 2 Broker Brian Gell, Lewis Miller, Richard Levine, Andrew Sussman
notes
The Deutsche Bank affiliate signed a 10-year lease renewal for space it had been occupying since 2001. The reported asking rent was in excess of $100 per square foot. The lease will take effect starting January 2010.
- Event Retail Leasing
- Address 345 Park Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 4,100
- Publication Date 12/01/2008
- Event Date 10/22/2008
- Party 1 Rudin Management
- Party 1 Brokerage Rudin Management
- Party 1 Broker Louis Somoza, Samantha Rudin
- Party 2 Le Relais de Venise L'entrecote
- Party 2 Brokerage Northwest Atlantic Real Estate Services
- Party 2 Broker Jacqueline Klinger
notes
The Paris-based steakhouse signed a lease for its first U.S. location. The restaurant plans to open in April 2009.
- Event Retail Leasing
- Address 345 Park Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 5,000
- Publication Date 04/01/2007
- Event Date 02/20/2007
- Party 1 JPMorgan Chase & Co.
- Party 1 Brokerage Mogull Realty
- Party 1 Broker Kim Mogull
- Party 2 Mo's Restaurants
- Party 2 Brokerage Mogull Realty
- Party 2 Broker Kim Mogull
notes
The Milwaukee-based restaurant group inked a sublease for its first restaurant in New York. The new restaurant, Moceans, will open in the space formerly occupied by Broadway Diner. The asking rent was reportedly $150 per square foot. Tom Keating represented landlord Rudin Management in the transaction.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 34,968
- Publication Date 02/01/2007
- Event Date 12/18/2006
- Party 1 Rudin Management
- Party 1 Brokerage Rudin Management
- Party 1 Broker Tom Keating
- Party 2 Consulate General of Ireland
- Party 2 Brokerage CBRE
- Party 2 Broker Matthew McBride
notes
The tenant has been subleasing space in the 1.6-million-square-foot property since 1991.
- Event Office Leasing
- Address 345 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 240,000
- Publication Date 06/01/2006
- Event Date 04/17/2006
- Party 1 RFR Holding
- Party 1 Brokerage RFR Holding
- Party 1 Broker Richard Farley
- Party 2 Digitas
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Don Preate, Frank Coco, Jamie Katcher
notes
The Internet marketing firm, which occupied significant space in the property, signed an early renewal and expansion for 15 years.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 230,000
- Publication Date 03/01/2006
- Event Date 01/15/2006
- Party 1 Rudin Management
- Party 1 Broker Tom Keating
- Party 2 Blackstone Group
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker Neil Goldmacher, Mark Weiss
notes
Private equity firm renews lease and expands by 35,000 square feet; the deal closed in January.
- Event Office Leasing
- Address 345 Park Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 70,000
- Publication Date 02/01/2004
- Event Date 12/18/2003
- Party 1 Rudin Management
- Party 1 Brokerage Rudin Management
- Party 1 Broker John Gilbert, Tom Keating
- Party 2 KPMG
- Party 2 Brokerage CBRE
- Party 2 Broker Robert Alexander, Patrick Murphy
notes
KPMG expands to 400,000 sf, now largest tenant