Saturday June 15, 2024

237 Park Avenue

Where Timeless Elegance Meets Modern Luxury

Discover 237 Park Avenue, an impressive 21-story office building located in the heart of Midtown Manhattan’s esteemed Grand Central Submarket. Redeveloped by Olympia & York in 1981 and further enhanced with a $100 million renovation by RXR in 2017, this Class-A gem epitomizes sophistication and functionality.

A Prime Location: Nestled between 45th and 46th streets, 237 Park Avenue enjoys an enviable address, making it a sought-after destination for businesses of all sizes. With Grand Central Station just steps away, tenants and guests enjoy unmatched accessibility to public transportation.

An Abundance of Natural Light: The building’s open center atrium spans across its 62,000 square foot floor plates, flooding the interior with natural light, creating a bright and inspiring workspace.

Unrivaled Amenities: Amenities abound at 237 Park Avenue, elevating the tenant experience. A first-class lobby and entrance set the tone for a luxurious workspace. CONVENE, located at the lobby level, offers large-scale meeting spaces and full catering services. Enjoy 24/7 building access, a private parking garage, and a new high-speed fiber backbone for seamless connectivity.

Prestigious Tenants: Hosting renowned tenants like New York Presbyterian, Jennison Associates, and JP Morgan Chase & Co., 237 Park Avenue is a preferred choice for esteemed corporations and institutions seeking a prestigious address.

Noteworthy History: The building’s fascinating history includes a four-year, $65 million renovation initiated by private equity firm Walton Street Capital in 2017. Partnering with RXR Realty, the property witnessed a complete redevelopment of the lobby, atrium, and retail space.

Thriving Tenant Partnerships: The esteemed marketing and communications firm, J. Walter Thompson, has been an original tenant since the building’s opening in 1979, emphasizing the enduring appeal and strong tenant-landlord relationships.

A Bright Future: The building’s bright future is evident with the recent 15-year, 120,809 square-foot lease signed by Jennison Associates across four floors. Fisher Brothers, the owners, are committed to tenant experience, wellbeing, and revitalizing New York City.

Cutting-Edge Sustainability: Emphasizing green technology and premium amenities, 237 Park Avenue holds LEED Platinum certification and ongoing ENERGY STAR certification. Advanced security measures ensure tenant safety and comfort.

Accessible Transportation: With nearby train stations, including Grand Central – 42 St and 5 Av/53 St, commuting is a breeze, fostering a connected hub in the heart of New York City.

Office Space for Lease

The office space at 237 Park Avenue is unique for several compelling reasons, setting it apart as a sought-after destination for businesses:

  1. Prime Midtown Manhattan Location: Situated in the heart of Midtown Manhattan and the prestigious Grand Central Submarket, 237 Park Avenue enjoys a central and convenient address, providing unparalleled accessibility to transportation hubs, restaurants, shops, and hotels.

  2. Historical Significance: With a rich history dating back to 1920, the building has undergone significant redevelopment and renovations, preserving its timeless elegance while integrating modern amenities and technologies.

  3. Luxurious Class-A Building: As a Class-A office building, 237 Park Avenue offers top-tier features, services, and finishes that cater to the needs of discerning businesses. From a first-class lobby to high-speed elevators, every detail exudes luxury.

  4. Abundance of Natural Light: The building’s unique open center atrium design allows natural light to permeate the interior, creating a bright and inspiring workspace. Large windows throughout the floor plates further enhance the luminous ambiance.

  5. Versatile Floor Plans: With 62,000 square foot floor plates, the building offers spacious and flexible office layouts, accommodating various business needs and enabling companies to craft their dream work environments.

  6. Amenities and Services: 237 Park Avenue boasts an array of amenities, including a private parking garage, 24/7 building access, bike storage, a cafe, and a communal lobby space, all contributing to a comfortable and productive work atmosphere.

  7. Distinguished Tenant Roster: The building is home to prestigious tenants, including New York Presbyterian, Jennison Associates, and JP Morgan Chase & Co., reflecting its appeal to prominent and creditworthy businesses.

  8. Emphasis on Sustainability: As a LEED Platinum-certified building with ongoing ENERGY STAR certification, 237 Park Avenue emphasizes sustainability and green technology, aligning with the growing demand for eco-friendly workplaces.

  9. Strong Landlord-Tenant Relationships: The building’s ownership, RXR Realty and Walton Street Capital, have fostered lasting relationships with tenants, exemplified by renewals like the marketing and communications firm, J. Walter Thompson.

  10. Forward-Looking Vision: The recent 15-year lease signed by Jennison Associates across four floors showcases the building’s bright future and commitment to revitalizing New York City’s office landscape.

Overall, the unique combination of historical significance, modern luxury, exceptional amenities, and a prime location makes 237 Park Avenue an extraordinary choice for businesses seeking a prestigious and highly functional office space in the heart of Manhattan.

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