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InsCap Renews, Extends Office Lease

NEW YORK CITY-The specialty finance firm, a tenant at 230 Park Ave. for the past six years, is renewing and extending its 22,000-sf lease on the 21st floor for 13 years.

By Natalie Dolce | Updated on September 08, 2008

NEW YORK CITY-Locally based Monday Properties has completed a lease renewal and extension with InsCap Management LLC, totaling 22,000 sf at 230 Park Ave. in Manhattan. The 34-story building, built in 1929, is located between East 45th and East 46th streets.

Craig Panzirer, senior vice president and director of leasing, and Issa Deas, leasing associate, represented building owner Monday Properties in-house. Silvio Petriello, senior vice president, and Brad Needleman, vice president, with CB Richard Ellis Inc. represented the tenant.

InsCap’s lease is on the 21st floor of the 1.3-million-sf building, and is extending its lease for 13 years. The specialty finance firm has been a tenant at 230 Park Ave. for the past six years. Panzirer tells GlobeSt.com that the lease was an early renewal.

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