Tishman Speyer and Irvine Company announced a 15-year, 145,000 s/f lease with BDO USA, LLP, one of the nation’s leading accounting and advisory firms, at 200 Park Avenue, the 58-story Midtown Manhattan office tower.
Beginning January 2024, BDO USA will relocate and combine its three Manhattan offices to occupy three entire floors of 200 Park. BDO will also occupy a dedicated portion of the lobby of the 3.1 million square foot office tower.
200 Park Avenue is undergoing a complete transformation to create a welcoming, hospitality-inspired environment to meet the needs of a modern workforce. Working with MdeAS Architects, the ownership team has restored the two-level, 50,000 s/f lobby to its original grandeur while also creating a more inviting space for those who visit and work in the building. A recently completed visitor reception lounge features white oak floors, comfortable seating areas, soft music and a view to a newly-landscaped entrance.
The project strengthens the building’s physical connection to Grand Central Terminal by reconstituting its original passageway between the transit hub and 45th Street. Tishman Speyer also returned a meticulous replica of the lobby’s signature Josef Albers mural “Manhattan.”
In addition to the newly-renovated lobby and public spaces, 200 Park features a childcare facility and a suite of health and wellness and other hospitality-inspired amenities operated by Tishman Speyer’s Zo. 200 Park workers and visitors also benefit from an array of dining, shopping and mass transit options at the base of the building and in the immediate vicinity.
“Our ongoing work at 200 Park is restoring the grandeur of one of New York’s landmarks, while also creating an inspiring environment for the next generation of business leaders,” said Tishman Speyer Senior Managing Director Chris Shehadeh. “BDO USA had many options for their New York office location. Their selection of 200 Park is a testament to our building’s continued and enduring allure.”
“Combining our Manhattan offices in a single, premier location created an opportunity for us to increase collaboration and learning among our local teams and provide the space and amenities needed to support our growing New York practice,” said Stephen Ferrara, Chief Operating Officer of BDO USA. Demetrios Frangiskatos, Northeast Assurance Regional Managing Partner at BDO USA, added, “The 200 Park location met our high bar of identifying a space that would support our people, culture and flexible workplace model, while allowing us to connect with clients and colleagues both in New York and around the world.”
Tishman Speyer and Irvine Company were represented in-house by Tishman Speyer’s Gus Field and Megan Sheehan. Mitti Liebersohn, President and Managing Director of Avison Young’s New York City office, and Mark Robbins, a Principal in the firm’s Chicago office, along with New York-based Principal Keith Caggiano, Chicago-based Principal Jeff Lindenmeyer and New York-based Senior Director Jeff Burger represented BDO USA throughout the process.
“BDO USA’s decision to centralize its Manhattan presence speaks to the firm’s long-term commitment to New York City and strategic efforts to attract top talent while continuing to provide best in class service to its clients,” said Liebersohn.
Robbins added, “200 Park Avenue supports BDO USA’s growth and operational needs with a contemporary and thoughtfully designed workspace in an amenity-rich building located in the heart of Midtown Manhattan.”
Perched atop Park Avenue and easily visible from the South and North, 200 Park Avenue was designed by Emery Roth & Sons, Pietro Belluschi and Walter Gropius in the International style. Opened in 1963 as the Pan Am Building and now commonly known as the MetLife Building, Tishman Speyer and Irvine Company acquired the tower in 2005.