100 Park Ave. 29th Floor Office Rental
- Usage: Office
- Type: Direct Lease
- Floor: 29th Floor
- Size: 10,985 SQFT
- Price: $95/SQFT
- Term: Negotiable
About the Building
BUILDING INFORMATION
The property here today offers new office options for businesses looking to
reassess their employee space density which has been gained by the generous
floor plates found within this commercial building – which today is of tremendous
value to many commercial tenants. Statistically the demographics looking to
de-densify fall heavily upon analytic and data firms who have been actively
pursuing these types of space in this section of Manhattan.
With commercial tenants today reassessing their per employment allotment of
personal working space with the goal of thinning out the whole operation – thus
giving each employee more room in keeping with the health and well-being of
all staff and clients.
Beyond the benefits of the office layouts within the property – the building
offers the distinction and character indicative of New York’s top tier office
towers. This statement is supported by the materials and design that consistently
supports the value of this location. Features such as the tower’s opulent lobby
provide an instant impression in those who work and visit the site. The neighborhood
in which 100 Park is found; makes it great for engaging with local businesses
in Midtown Manhattan – being brilliantly located in the heart of midtown. In
addition the location provides dazzling views of the Chrysler Building – a classic
icon to the Manhattan skyline vista.
The building property features and L-Shaped footprint – with the main entrance
found on Park Avenue itself. Front desk security / concierge boasts a lavish
reception desk and is staffed 24/7 with building / space access available at
anytime.
The Emporis Building was built in 1949 and set the trend for international
construction in the following decades. The 36 story building is built on an
L-shaped plot, with the wing stepping back on to the 40th Street side and the
main mass rising on Park Avenue. The office tower rises to a set-back top with
illuminated numbers indicating the building’s street number 100.
WHY THIS PROPERTY
The tenants are attracted to 100 Park due to its proximity to Grand Central
Station, and also by the building's large floor-plates and ongoing upgrades.
Even with a remaining lease term, many businesses are motivated to make a long-term
commitment to the site; as they believe in the area’s long-term health is inalign
with their business’ success.
LEASE EXPANSIONS
Securing more office space to expand can be problematic at most building properties
as in most cases – the position and availability on a given space is subject
to many factors of which partly is the actual design of the building itself.
Regardless of the climate many companies seek to expand their footprint – at
100 Park securing more space to lease has enabled many firms to occupy an entire
floor plate for themselves… which in turn helps to accommodate a business’
growth while extending the valued relationship with the prestigious tenants
as found here.
OVERALL VALUE
The property’s convenient location being just steps from the iconic transportation
hub in tandem with its strong occupancy together has been a consistence strong
point for the building. This benefit is further supported by the property’s
quality of management which is enjoys a distinguished standard of service and
dependability that is in part a facet of the tower’s overall branding.
In recent time; the ownership has undertook a range of sweeping redevelopments
to the property, some of those improvements include; outfitting it a new metal-and-glass
facade and a lobby with a two-story atrium, as well as implementing significant
infrastructure upgrades. The building remained fully occupied throughout the
renovation, which was completed in 2008. This set of capital improvements
shows today as the remarkable job refurbishing and managing this iconic office
is consistent in keeping with its high standards.
The property’s proximity to Grand Central Terminal is of highly value – an attractive
option for employees whether from within the city or as well as to commuters
from the suburbs, with direct access to Metro North found herein.
You couple this property’s convenient location just steps from of one Manhattan’s
most iconic transportation hubs and the tower’s traditional as a host to strong
secure tenants, together have created a top tier destination for any firm or
institution looking for a headquarters or ancillary offices in which to expand.
Property Features
• 24 Hour Access
• Atrium
• Two Story Lobby Atrium
• Robust Infrastructure
• ENERGY STAR Certified
• Wired Certified Gold
• LEED GOLD- Certified
• BOMA 360 Award Winner
• Tenants have access to a luxury amenity center with conference rooms,
lounge areas, a golf simulator, game rooms and a wellness center.
• Close proximity to Grand Central and Bryant Park surrounded by a dense
daytime office population
• Two blocks from 4, 5, 6, 7, S at Grand Central
More About the Building
The building was acquired in 2000 by a joint venture between SL Green Realty
and Prudential Real Estate Investors for $192 million. The partners provided
$70 million in upgrades to the building in 2007. Major tenants at the skyscraper
include BDO Seidman (121,441 square feet), Wells Fargo (102,805 square feet),
Aecom Technology (109,000 square feet), Ameriprise, WPP (43,294 square feet)
and Aetna (40,139 square feet).
Virtual addresses
58-62 East 41st Street, 31-89 East 40th Street, 100-116 Park Ave (lot size =
37,196)
Skyscraper
Facade material = white curtain wall of aluminum & brick done in the international
style / The facade has piers of white brick, with vertical stripes of glass
and aluminum spandrels between.
Commercial Office Building
The 36-storey building is built on an L-shaped plot, with the wing stepping
back on the 40th Street side and the main mass rising on Park Avenue.
Tenants who have or do call 100 Park Avenue their
home
• 2Beans (retail)
• Abacus Tech
• ABN AMRO Bank
• Acon Tech
• AECOM Technology
• Aetna (40,139 square feet)
• Alto Pharmacy
• Ameriprise WPP (43,294 square feet)
• Arsenal Capital Partners
• BDO Seidman, LLP (121,441 square feet)
• Capstone Equities
• Chop’t (retail)
• Cozen O’ Connor
• Diamonds International
• Eaton Vance (entire 32nd floor; 10,985 square feet of space for a 10-year
term)
• Global Credit Advisors
• IMC Execution Services
• ITV Studios
• Lexmark International
• Martex North America
• Neustar
• Nuveen Investments
• Radix Trading (Suite 2205)
• Stradley Ronon Stevens & Young (10-year lease for the 20th floor)
• Sun Capital Partners (121,441 square feet on floors 9 through 11)
• Valley National Bank (retail)
• Valuation Research Corporation (VRC)
• Wells Fargo Capital Finance
• Wells Fargo Trade Capital
Transportation Options
Subway: The two closest subway
stations to 100 Park Avenue are the 51st Street station (East 51st Street and
Lexington Avenue) and Grand Central Station (42nd Street and Park Avenue). The
51st Street station is serviced primarily by the E and F Lines, while Grand
Central Terminal by the 4,5,6,7 and S lines.
Rail Service: Grand Central Terminal
is a major hub for the Metro-North Railways with rail service to points north
of Manhattan via the New Haven, Hudson and Harlem Line. Connector service via
bus or subway to the Long Island Rail Road and Long Island Bus Service is also
easily accessible through Grand Central Terminal.
Bus Service: Grand Central Station
is serviced by the following major bus lines in Manhattan: M1, M2, M3, M4, M5,
M42, M101, M102, M104.