Largest of the three deals was Forensic Investigative Associates' 14,500-square-foot renewal and 6,725-square-foot expansion, for a total of 21,225 square feet. A subdivision of T&M Protection Resources that provides corporate and financial investigations, FIA was represented by Ivan Hillman, SVP at CB Richard Ellis.
Westrock Advisors, a financial broker dealer, added 7,280 square feet to its existing 13,700 square feet, for a 21,080-square-foot lease that will keep the company at 230 Park through July 2017. Monday Properties COO Brian Robin and director Jordan Berger negotiated directly with Westrock, together with CBRE co-brokers Paul Amrich and Patrice Hayden, EVP and VP, respectively.
The Monday/CBRE team also negotiated directly with the tenant in Orion Consultants' deal for 8,020 square feet, which included a 2,620-square-foot expansion on its existing 5,400-square-foot space. The management consulting firm will stay on 230 Park's 25th floor until 2020.
In November, Encyclopædia Britannica signed a two-year lease for 1,630 square feet on the 15th floor at 230 Park, while Stanley Hand Tools signed up for five years and 2,340 square feet on the 18th floor. The 34-story 230 Park was built in 1929, originally as the headquarters of the New York Central Railroad. Monday Properties acquired the 1.4-million-square-foot office tower, familiarly known as the Helmsley Building, from Istithmar in 2007 for $1.15 billion.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
