NEW YORK CITY—Pandora Media has revealed plans to double its space at 125 Park Ave., the 26-story building located directly across the street from Grand Central Terminal.
The popular online music providers signed a new 10-year expansion lease covering 51,065 square feet for the entire 21st and 22nd floors at the SL Green Realty Corp. building. Added to its existing 19th and 20th floor space, the new lease increases Pandora's total commitment to 103,515 contiguous square feet.
“We were delighted to work together again with Pandora to accommodate the company's rapid growth,” says Steven Durels, SL Green EVP, director of leasing. “Pandora constructed an extraordinary office environment for its employees which demonstrates the opportunity for creative tenants to maximize the convenience of well-located Midtown buildings.”
CBRE's William Iacovelli and Ramsey Feher acted for Pandora in the transaction, while Howard Tenenbaum and Gary Rosen represented SL Green in-house.
Among the building's other tenants are Haworth, Canon Business Solutions, TD Bank and Newmark Grubb Knight Frank.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
