""This long term renewal caps a relationship with Satterlee Stephens that is already a quarter century old," says Monday Properties COO Brian Robin in a release. Monday Properties' Jordan Berger and a CB Richard Ellis team led by Paul Amrich represented the landlord. Saterlee Stephens, founded in 1894 by Herbert L. Satterlee, was represented in negotiations by Peter Hennessy, Martin Horner, Joseph Pollaci and Drew Saunders of Jones Lang LaSalle.

According to figures released Tuesday by Cushman & Wakefield, Midtown's Grand Central submarket, which includes 230 Park, has seen a 126.1% uptick in leasing uptick year to date when compared to the same time period in 2009. In terms of class A office space, it's the second largest submarket in Manhattan with 36 million square feet, exceeded only by the Sixth Avenue/Rockefeller Center tally of 37.8 million feet.

Among the Q1 deals signed by Monday Properties at 230 Park were a new lease for 22,000 square feet by Six Flags and a renewal by law firm Lathrop & Gage. The latter nearly doubled its space from 11,400 square feet to 20,400. Asking rents at the property are reportedly in the range of $50 per square foot.