High-End Office Space on Park Avenue – Near Grand Central

280 Park Avenue, a joint investment between publicly traded real estate companies Vornado and SL Green, is in the process of undergoing extensive renovations to the lobby, elevator cabs, facade and building systems.  Upon completion of the much needed $125 million facelift, the asset will undoubtedly become one of the most prestigious addresses on Park Avenue and in The Plaza District.  Formerly home to the NFL and Deutsche Bank, the building has a tremendous amount of office space available in the base of the building.  However, the most coveted suite, the partial 43^rd floor penthouse (6,678 rsf), is available as well.

Unlike most traditional office spaces on Park Avenue, the penthouse at 280 Park Avenue offers soaring ceiling heights, extra-large windows and breathtaking views.  Additionally, the floorplan is highly conducive to trading firms and hedge funds.  The building’s leasing team has plans to demolish the existing installation and will build-to-suit an incoming tenants needs.  Asking rent for the space is about $150 per square foot.

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