Search
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Park Avenue Tower Plaza/ (Credit: Kevin Chu and Jessica Paul Photography) New York City—The Raine Group will be relocating its headquarters to 33,253 square feet of office space, the entire 23rd and 24th floors at the Park Avenue Tower. A source with knowledge of the deal tells GlobeSt.com that asking rent for the 15-year lease is $135 to $140 per square foot.
The international merchant bank focused on investment and advisory services in technology, media, and telecommunications will move from its current offices at 810 Seventh Ave. in the summer of 2018.
This is the second major tenant moving to the Plaza District property at 65. E. 55th St. to make business news headlines in December. Less than two weeks ago, Equity Office announced that real estate firm Monday Properties also signed a lease at the tower.
Equity Office recently completed a capital improvement program at the 620,000 square foot, 36-story structure, originally built in 1986. It included upgrading the plaza and lobby and creating a 20,000 square-foot tenant gathering space with a fitness center, lounge, recreation area, conference rooms and eatery.
*May exclude premium content
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges
CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.
Assessment
Sponsored by Cherre
Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations
Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
