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    444 Park Avenue

    444 Park Avenue
    New York, NY 10022
    Office, Leasing/Rental
    • Address 444 Park Avenue
    • neighborhood Plaza District
    • borough Manhattan
    • owner entity 450 PROPERTY OWNER US
    • floors 32
    • Year Built 1972
    • commercial units 62
    • total units 62
    • square feet 296,915
    • block and lot 1-01292-0037
    • BIN 1035780
    • Event Financing
    • Address 444 Park Avenue
    • Neighborhood Diamond DIstrict
    • Borough Manhattan
    • Square feet 29,615
    • Price $ 126,700,000
    notes
    The owner acquired a $126.7 million refinancing loan for hte Diamond District property.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,338
    • Publication Date 03/01/2017
    • Event Date 01/15/2017
    • Party 1 Oxford Property Group
    • Party 1 Brokerage CBRE
    • Party 1 Broker Paul Amrich, William Burchfield, Neil King
    • Party 2 JMP Securities
    • Party 2 Brokerage Savills Studley
    • Party 2 Broker Greg Taubin
    notes
    The investment firm renewed its lease.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 21,822
    notes
    One of Brazil's largest private bank extended its lease.
    • Event Office Leasing
    • Address 450 Park Avenue 
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,338
    notes
    The investment banking firm signed a lease.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 3,750
    notes
    The law firm signed a lease.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,790
    notes
    The tenant subleased the entire third floor.
    • Event Sales
    • Address 444 Park Avenue South
    • Neighborhood NoMad
    • Borough Manhattan
    • Square feet 90,000
    • Price $ 45,000,000
    • Price per foot $ 500.00
    notes
    The property sold for $45 million. The buyers plan to spend an additional $40 million to add five floors to the building and convert it into a boutique hotel, slated to open in the second quarter of 2013.
    • Event Retail Leasing
    • Address 444 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 4,000
    • Publication Date 12/01/2011
    • Event Date 10/22/2011
    • Party 1 Brokerage Park Ave South Associates
    • Party 2 Ricky's
    • Party 2 Brokerage Task Realty
    notes
    The accessories chain signed a lease for a pop-up store.
    • Event Office Leasing
    • Address 444 Park Avenue South
    • Neighborhood NoMad
    • Borough Manhattan
    • Square feet 4,100
    • Publication Date 01/01/2011
    • Event Date 11/22/2010
    • Party 1 A & L 444, GMD 444 and DEM 444
    • Party 2 Merchant Cash and Capital
    • Party 2 Brokerage Grubb & Ellis
    • Party 2 Broker Ira Rovitz
    notes
    The investment services firm signed a three-year lease.
    • Event Office Leasing
    • Address 444 Park Avenue South
    • Neighborhood NoMad
    • Borough Manhattan
    • Square feet 2,988
    • Publication Date 01/01/2011
    • Event Date 11/22/2010
    • Party 1 A & L 444, GMD 444 and DEM 444
    • Party 2 Merchant Cash and Capital
    • Party 2 Brokerage Grubb & Ellis
    • Party 2 Broker Ira Rovitz
    notes
    The investment services firm signed a one-year lease for more space.
    • Event Retail Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 25,559
    • Publication Date 06/01/2010
    • Event Date 04/22/2010
    • Party 2 Phillips de Pury & Company
    notes
    The auction house for contemporary art signed a lease for another salesroom.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 1,919
    • Publication Date 03/01/2008
    • Event Date 01/21/2008
    • Party 1 450 Park Avenue
    • Party 1 Brokerage Grubb & Ellis
    • Party 2 Austrian National Bank
    • Party 2 Brokerage Grubb & Ellis
    • Party 2 Broker Howard Rosen, John Cannon
    notes
    The bank inked a 10-year lease.
    • Event Sales
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 330,000
    • Price $ 509,000,000
    • Price per foot $ 1,542.42
    notes
    Somerset has closed on its purchase of the Class A office property for $509 million, or $1,540 per square foot, the most ever paid for a U.S. office tower on a per-square-foot basis. Asking rents in the building are now in the range of $60 to $70 per square foot, but Somerset believes new leases can fetch up to $180 per square foot.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,354
    • Price per foot $ 135.00
    notes
    The real estate investment firm signed a five-year lease for the 27th floor of the 32-story Class A building. The company is relocating from 1411 Broadway.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 9,985
    • Publication Date 08/01/2007
    • Event Date 06/22/2007
    • Party 1 Vontobel Asset Management
    • Party 1 Brokerage Cresa Partners
    • Party 1 Broker Scott Savin, Jane Roundell, Ed Wartels
    • Party 2 IMG Worldwide Holdings
    • Party 2 Brokerage Staubach Company
    • Party 2 Broker Robert Ageloff, Patrick Lennon, Drew Saunders
    notes
    The marketing and management firm signed a one-year sublease for the entire seventh floor.
    • Event Office Leasing
    • Address 444 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,850
    • Publication Date 01/01/2006
    • Event Date 11/22/2005
    • Party 1 Professional Consortium Ltd.
    • Party 1 Brokerage in-house
    • Party 1 Broker Alex deFortuna
    • Party 2 Father Flanagan's Girls and Boys Town of New York
    • Party 2 Brokerage Winoker Realty
    • Party 2 Broker Jonathan Stern
    notes
    Children's nonprofit moves headquarters from Fort Greene.
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,000
    • Publication Date 06/01/2005
    • Event Date 04/22/2005
    • Party 1 Taconic Investment Partners
    • Party 2 Cleary Gottlieb Steen & Hamilton
    • Party 2 Brokerage Newmark Grubb Knight Frank
    notes
    Law firm takes space for conference center
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,000
    • Publication Date 06/01/2005
    • Event Date 04/22/2005
    • Party 1 Taconic Investment Partners
    • Party 2 Falconhead
    • Party 2 Brokerage Cushman & Wakefield
    notes
    Private equity firm takes space
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,000
    notes
    Investment firm takes space
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 18,000
    • Publication Date 05/01/2004
    • Event Date 03/22/2004
    • Party 1 Taconic Investment Partners
    • Party 1 Brokerage In-house
    • Party 2 Bank of New York Mellon
    • Party 2 Brokerage Cushman & Wakefield
    notes
    Bank relocating retail center from 575 Madison Ave
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 20,760
    • Publication Date 05/01/2004
    • Event Date 03/22/2004
    • Party 1 Taconic Investment Partners
    • Party 1 Brokerage CBRE, Taconic
    • Party 1 Broker Brian Gell, David Sims, Susan Kahaner
    • Party 2 Jacobs Private Equity
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Glenn Markman, Danielle Zimbaro
    notes
    Equity firm signs 10-year lease
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Publication Date 04/01/2004
    • Event Date 02/21/2004
    • Party 1 Taconic Investment Partners, NYS Retirement Systems
    • Party 2 Brad Jacobs-led equity firm
    notes
    Firm signs 10-year lease
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 10,380
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 6,744
    • Publication Date 04/01/2004
    • Event Date 02/21/2004
    • Party 1 Taconic Investment Partners, NYS Retirement Systems
    • Party 1 Brokerage CBRE, Taconic Management Company
    • Party 2 Tudor Investment
    • Party 2 Brokerage JLL
    • Party 2 Broker John Wheeler
    notes
    signs five-year lease
    • Event Office Leasing
    • Address 450 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 2,354
    • Publication Date 01/01/2004
    • Event Date 11/22/2003
    • Party 1 Taconic Investment Partners
    • Party 1 Brokerage CBRE
    • Party 1 Broker Brian Gell, David Sims, Susan Kahaner
    • Party 2 Primedia
    • Party 2 Brokerage CBRE
    • Party 2 Broker Mike Laginestra, Katherine Beach
    notes
    New tenant
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