Brookfield taps NGKF to lease 245 Park Avenue - Real Estate Weekly

245 Park Avenue

Brookfield has tapped Newmark Grubb Knight Frank (NGKF) as the exclusive leasing agent for its 1.8 million square feet 245 Park Avenue.

According to NGKF, a block of 110,000 s/f of space is set to come available at the tower next May. The building also has available the38,000 s/f 35th floor, and part of the 41st and 42nd floors measuring 13,288 rsf and 17,033 rsf, respectively, which are currently available.

?We are very excited to be partnering with Brookfield, in leasing a Park Avenue trophy asset,? said David Falk, president of the Tri-State Region for Newmark Grubb Knight Frank, who will head up the leasing team for the building.

?Given the quality of ownership and location of the asset, coupled with the building?s direct access to Metro North and the efficiencies of the floor plate, the building is a perfect alternative for the financial and legal industries that are seeking a prestigious Park Avenue address and convenience for their commuting employees.?

DAVID FALK

Peter Shimkin, NGKF senior managing director, who is also on the leasing team with director Nick Berger, said, ??245 Park Avenue has the flexibility to provide different space options for a variety of different sized tenants.

?There are only two buildings on Park Avenue that have a block of space over 100,000 rsf, thus this is a rare opportunity for a firm, with a large requirement, looking to be located on Park Avenue.?

Located a block from Grand Central Station, the 44-story, glass and steel office is currently 95.5% leased to a roster of tenants that includes Societe Generale, Rabobank, Major League Baseball and Angelo, Gordon & Co.

A direct access passageway to Metro North, on the 47th Street side of the building, is expected to be completed in the next 30 days.

Source: http://www.rew-online.com/2012/11/29/brookfield-taps-ngkf-to-lease-245-park-avenue/

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