Earlier this year, Commercial Real Estate (CRE) history was made in midtown Manhattan, as 245 Park earned its place as one of the most valuable skyscrapers in the city, selling for a record $2.21 billion.
245 Park was the first of its kind, offering modern corporate headquarters that transformed the Avenue into one of the most distinguished corporate corridors in the world. Partner was proud play a part in this historic sale, performing the transactional Engineering and Environmental Due Diligence for the site, which houses over 1,787,000 sq ft of space in its 45-stories, including 1,719,000 sq ft of usable office space and 68,000 sq ft of retail space.
The trophy asset, and 2000/2001 Pinnacle Award winner, occupies a full square block at the foot of Park Avenue. Just one block from Grand Central Terminal with in-building Metro North access, 245 Park is the definition of prime real estate.