Cushman & Wakefield announced today that the real estate services firm has arranged Regions Bank’s long-term, 9,547-square-foot office lease renewal on behalf of the landlord at 250 Park Avenue in Midtown Manhattan.
A Cushman & Wakefield team of David L. Hoffman, Jr., Robert L. Billingsley and Whitnee Williams represented the landlord, AEW Capital Management. Regions Bank was represented by Jason Pollen and Ben Friedland at CBRE.
“Regions Bank has been a valued tenant at 250 Park Avenue for years,” said Hoffman. “Given the current market environment, it’s safe to say they had ample opportunity to move elsewhere. Regions Bank’s commitment to remain at 250 Park Avenue speaks to the building’s desirability, especially with its brand new lobby and elevators.”
250 Park Avenue is a commercial office building with a retail component in Midtown Manhattan offering Park Avenue elegance with an efficient center core floor design. The institutionally owned building has completely updated its infrastructure to include a new HVAC system, fiber-optic phone lines, new elevator mechanicals and a modern new lobby with entrances on both Park and Vanderbilt Avenues.
Located steps from Grand Central Terminal, 250 Park Avenue offers exceptional access to public transportation including Metro North and multiple subway lines, including the 4, 5, 6, 7 and S trains. The neighborhood features an abundance of retail, dining and hospitality options within walking distance.