Credit research firm inks 28K sf lease in Midtown South

CreditSights signs on for 10 years at 2 Park Avenue

2 Park Avenue in Midtown South
2 Park Avenue in Midtown South

Research firm CreditSights signed a lease for roughly 28,000 square feet in Midtown South.

The company, founded in 2000, signed a 10-year lease at Morgan Stanley Real Estate Fund’s 2 Park Avenue, sources told The Real Deal.

Representatives for CreditSights did not respond to multiple requests for comment, and a spokesperson for Morgan Stanley couldn’t be immediately reached.

The starting rent in the deal was in the mid-$60s per square foot, according to CompStak.

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It wasn’t immediately clear if the tenant will be relocating its headquarters from its current location at TH Real Estate’s 470 Park Avenue South. CreditSights occupies about 20,00 square feet there on a lease set to expire in late 2021.

Savills Studley’s Nick Farmakis represented CreditSights in the deal. A Cushman & Wakefield team led by Tara Stacom handles leasing at the 981,000-square-foot property at 2 Park Avenue. Neither broker responded to requests for comment.