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Deals & Dealmakers

Argentinians score own goal at 230 Park Avenue

Monday Properties and Invesco announced that Banco de la Nación Argentina, New York Branch, has renewed its 23,407 s/f office lease on the 3rd floor at 230 Park Avenue.

230 Park Avenue
230 Park Avenue

The bank has been a major tenant in the building since 2004 and has a dedicated private entrance in the East Helmsley Walkway of 230 Park Avenue.

The state-owned bank, which provides an array of financial services for personal and business customers, uses the New York branch for the execution of financial transactions between Argentina-based businesses and their American partners. The bank maintains over 16,000 employees at 640 branches in Argentina and 14 overseas.

Banco de la Nación Argentina represented itself in renewal negotiations. Monday Properties was represented in-house by Jordan Berger. Asking rent for this space was in the high $60s psf.

Anthony Westreich, CEO of Monday Properties, said, ““The demand for Class A space is growing at 230 Park Avenue. With its superb location in the heart of Midtown, 24/7 manned security desk, point monitoring access and CCTV, it meets vital requirements for a bank of this size and caliber.”

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