Boston Properties announced that it has signed a long-term lease for more than 300,000 sf with Millennium Management at its 399 Park Avenue property. With this lease, 399 Park Avenue will be 93% leased, on track with the Company’s stated goals for the property.
“Midtown Manhattan continues to be the location of choice for many of the most prominent corporations and we are delighted that Millennium Management, a world-class global investment management firm, has chosen 399 Park as its principal location,” said John Powers, Boston Properties’ executive vice president of the New York.
Boston Properties is nearing completion of its renovation of 399 Park Avenue, a 1.6 million s/f Class A office building. Renovations include upgrades to the facade and the Park Avenue entrance, a new rooftop terrace garden and new destination-driven elevators. The company has more than 52 million s/f and 200 properties, with 14 more on the way.