A company on the Fortune 500 list, has decided to sublet two floors of its space at the esteemed 390 Park Avenue. The company is one of the larger tenants in the building, occupying a total of 61,368 square feet in the building located between 53rd & 54th Streets. They are marketing the 8th & 9th floors for sublease which are built to an extremely high-end standard (see photos for finishes). The sublet term runs through June of 2020 and the asking rent is well below market. This space gives a 20,000 sf firm or two 10,000 sf firms the opportunity to take space in a building that might normally be a little bit out of their price range.
The space is built with a combination of open offices, conference rooms, meeting rooms, & support desks. The building is built with a side core layout with a minimal amount of columns making the floors extremely efficient.
390 Park Avenue is owned by RFR Realty, a real estate development firm lead by Aby Rosen that owns other trophy assets such as 375 Park Avenue (The Seagrams Building), 90 Fifth Avenue, 17 State Street, & 281 Park Avenue South. The building is known as the "Lever House" named after its former tenant Lever Brothers Soap Company who used the building as their American Headquarters. 390 Park serves as the home to many high-end tenancies as rents in the building climb north of $150/sf. Major tenants in the building include Third Point LLC, Axonic Capital, Jaguar Growth Partners, & Sanders Capital. On the ground floor is a popular restaurant by the name of Casa Lever, which sets up an outdoor bar during the warmer months attracting professionals from the area for after work cocktails.
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This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.