A Park Avenue Return for British Airways

NEW YORK CITY-British Airways is taking off from Queens…again. The company has leased 46,198 square feet of space at 2 Park Ave.–an art deco, Ely Jacques Kahn building in Manhattan–and will relocate to the spot in a matter of days. Cushman & Wakefield represented the building’s owner, PPF OFF Two Park Avenue Owner LLC, while CB Richard Ellis represented British Airways in the deal.

The lease is for a 10-year term and a CBRE spokesman tells GlobeSt.com that British Airways, which will occupy the entirety of the 11^th floor along with other members of its alliance, will use it for reservations call center operations. Tara Stacom, David E. Green, Mitchell Arkin and Whitten Morris at C&W were the owner’s reps and Joan Meixner and Brad Needleman at CBRE were the tenant’s reps. Sources say that asking rent was $48 per square foot, while the actual rent came in just below that figure.