RXR Realty announced a long-term lease transaction with financial services company, INTL FCStone Inc. at 230 Park Avenue.
INTL FCStone Inc., a global brokerage and financial services firm, will occupy 73,000 s/f on the entire 10th floor in the 34-story office tower. The company will relocate and consolidate into their new office location from 155 East 44th Street and 530 Fifth Avenue.
“We’re excited to welcome a tenant of INTL FCStone’s caliber to 230 Park Avenue,” said William Elder, EVP, Managing Director of RXR Realty’s New York City Division.
“Attracting this highly respected Fortune 500 company is testament to the significant capital improvements we made to the infrastructure and enhancements to the amenities in the building, along with an unparalleled Grand Central location.
Jordan Berger represented RXR in-house in the transaction, along with a Newmark Knight Frank brokerage team led by Brian Waterman, Scott Klau, Erik Harris, Zachary Weil and Cole Gendels. Matthew Felice, David Miller and Gilbert Ohls of JLL represented INTL FCStone Inc.
230 Park Avenue is a 1.4 million square foot office tower located on 45th and 46th Streets. The building recently underwent a $100 million capital improvement program that included the installation of a new HVAC system, electrical infrastructure, fiber backbone for faster fiber speeds, security system with mobile phone technology, upgraded pedestrian walkways, tenant amenity space on the 5th floor with conferencing, lounge and outdoor terrace, and the repositioning of the retail space on 46th Street and Vanderbilt Ave.