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Deals & Dealmakers

Pandora keeping cool Park Avenue offices for another 10 years

Pandora Media, LLC, one the most popular diversified on-line music providers, will double in size at 125 Park Avenue, the 26-story building at Grand Central Terminal owned by SL Green Realty.

Pandora signed a new 10-plus-years expansion lease covering 51,065 s/f for the entire 21st and 22nd floors, which when added to its existing 19th and 20th floors, increases its total commitment to 103,515 contiguous square feet.

“We were delighted to work together again with Pandora to accommodate the company’s rapid growth,” said Steven Durels, SL Green executive vice president, director of leasing.

“Pandora constructed an extraordinary office environment for its employees which demonstrates the opportunity for creative tenants to maximize the convenience of well-located midtown buildings.”

B.R. Fries managed the construction of Pandora corporate offices, which have multiple spaces for music performances, group gatherings and meetings, along with a large variety of loosely structured spaces for social interaction.

B.R. Fries worked with the project architect, ABA Studios and the project manager, WG Project Management using omputer-aided technologies for the layout, manufacturing, and construction of the unique shapes, materials, and millwork.

CBRE’s William Iacovelli and Ramsey Feher acted for Pandora in the transaction, while Howard Tenenbaum and Gary Rosen represented SL Green in-house.

Among the buildings other tenants are Haworth; Canon Business Solutions; TD Bank and NGKF.

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