Cushman & Wakefield, alongside The Stahl Organization, brokered six leases totaling 175,000 square feet at 277 Park Avenue in Midtown. Cushman & Wakefield’s Mark P. Boisi, Bryan Boisi and Stephen Bellwood represented The Stahl Organization in the transactions.
Sumitomo Corporation of the Americas secured 50,000 square feet on the 15th floor, while Sumitomo Mitsui Banking Corporation expanded with 50,000 square feet on the 16th floor. Arsenal Capital Management LP leased 47,000 square feet on the 33rd and 34th floors. Other tenants include an international bank (12,500 sq ft), ERM Engineering & Consulting Inc. (12,500 sq ft), and Ontario Teachers’ Pension Plan (5,000 sq ft).
The property features a revamped lobby, expanded amenity complex, and partnerships with chef David Burke for retail offerings. The building achieved a 98% occupancy rate post a $120 million renovation.
The post C&W Arranges 175K-SF Lease at 277 Park Avenue appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
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