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.