Firm also kicking off marketing campaign for the building’s penthouse
New York, NY – April 3, 2018 – Cushman & Wakefield today announced that the real estate services firm has completed three transactions at Two Park Avenue totaling approximately 45,000 square feet. Additionally, the firm has commenced marketing of the 29-story building’s three penthouse floors, which combined, total more than 17,000 square feet.
A Cushman & Wakefield brokerage team of Tara Stacom, Mitch Arkin, David E. Green and Michael Tranfalia from the firm’s Agency Consulting Group has finalized lease agreements within the building for CreditSights, relocating from 470 Park Avenue South to 28,319 square feet on the 24th floor; The END Fund, relocating from 41 East 11th Street to 7,329-square-feet on the 18th floor; and Conductor, a subtenant that expanded in the building by 8,881 square feet.
“From the Terracotta façade and the restored Art Deco lobby to the design by architect Ely Jacques Kahn, Two Park Avenue is distinct within New York’s Class A office inventory,” said David E. Green of Cushman & Wakefield. “The triplex penthouse is the crown jewel of Park Avenue, offering 17,000 sf of flexible office space over three floors with amazing sunlight, panoramic views of the city, and ample outdoor space.”
The three-story penthouse, recently repurposed for office use, features wide-open city skyline views, a 3,210-square-foot wrap around roof terrace on the 27th floor, a two-story open atrium and a sculpture garden on the 29th floors. A New York City landmark, Two Park Avenue was built in 1927 and designed by celebrated architect Ely Jacques Kahn, who at one time worked and lived in the building’s penthouse.
The building features an on-site parking garage and convenient access to Grand Central, Penn Station and many subway lines. The building’s lobby was meticulously renovated in 2011, and the building’s elevators have been recently replaced and fully-modernized. The current tenant makeup includes fashion, technology, legal firms and professional associations.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.