As long as the Manhattan office market mostly stinks — despite cheering upticks in renewals and slightly reduced sublease availability — market-watchers are taking solace in mode…
Restaurant boom leads to ‘observably livelier’ streets in Downtown and Midtown: surveyAs long as the Manhattan office market mostly stinks — despite cheering upticks in renewals and slightly reduced sublease availability — market-watchers are taking solace in modest success stories where they can be found.
A good case in point is a leasing surge at 410 Park Ave., which many New Yorkers call “the Ferrari building” due to the automaker’s glamorous, ground-floor showroom., where larger towers have gotten the most attention. In the latest deal at 410 Park, private equity firm TriPost Capital Partners signed for the entire, 11,885 square-foot fourteenth floor, moving from a much smaller space at 654 Madison Ave.
Paul Glickman led the landlord’s JLL leasing team on the TriPost deal which included Benjamin Bass, Diana Biasotti, Kristen Morgan and Harrison Potter. JLL’s Evan Margolin and Scott Ansel repped TriPost. Glickman credited Global Holdings Management with “responding to a market that now requires space around new workplace strategies that accommodate the way companies want to work today.
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