Financial planner F.L.Putnam Investment Management Company is relocating and expanding its offices within Midtown East, according to tenant broker Compass. The investment adviser will leave 805 Third Avenue after signing an 11-year lease for 6,000 square feet at 445 Park Avenue, between East 56th and East 57th streets, Compass said. Asking rent for the sixth-floor Commercial Observer Read More Channel, Leases, Office, 445 Park Avenue, Compass, F.L.Putnam Investment Management Company, New York City, Manhattan, Midtown East
The investment adviser will leave 805 Third Avenue after signing an 11-year lease for 6,000 square feet at 445 Park Avenue, between East 56th and East 57th streets, Compass said. Asking rent for the sixth-floor space was in the $90s per square foot.
“We signed four leases in the last four weeks, and we’re seeing tremendous absorption on Park Avenue,” Futersak said. “I think Park Avenue is extremely in demand. We’re busier than ever, 95 percent leased. We’re very full.”
“445 Park Avenue’s lease is a testament that there is life in office buildings in prime Midtown locations,” said Polsinelli. “Businesses are adopting a back-to-the-office stance and have used the past few months to reorganize and rethink their needs.”
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, 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 at the right time.
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