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Capital One Banks On New Space

NEW YORK CITY-The firm consolidates its New York offices into one building in Midtown East, where it plans to also open a retail branch.

By Rayna Katz | Updated on September 30, 2013

NEW YORK CITY-Capital One Financial Corp. announced on Monday it has signed a lease for approximately 250,000 square feet of new office space at 299 Park Ave. The move will bring together more than 550 associates from several office locations—including one at 90 Park Ave.—throughout Manhattan and provide additional space to accommodate future growth.

The lease covers eight floors in a phased occupancy beginning in the third quarter of 2014. Capital One is also leasing the retail space on the northwest corner of the building at 49th and Park and, beginning in 2018, the retail space at the corner of 48th and Park. The bank intends to make the corner spot at 48th and Park into a retail branch, once it has access to the space. Plans for the northwest corner of 49th and Park are not yet in place.

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