H.J. Kalikow & Co., LLC along with Cushman & Wakefield, announced two major lease agreements with Morgan Stanley and Convene at 101 Park Avenue, located between 40th and 41st Streets.
Morgan Stanley, one of the leading investment bank and wealth management firms in the world, has signed a long-term lease renewal for 39,000 s/f in the 49-story building. The company is a longstanding tenant in the building and will continue to occupy space on the 23rd and 24th floors.
Convene, a New York based operator of conference center facilities serving 64% of New York’s Fortune 500 companies, has signed a new lease at 101 Park Avenue. The company will occupy 20,000 s/f on the ground floor fronting Park Avenue and 41st Street.
“101 Park Avenue has always been and continues to be a property where our tenants are able to provide their employees and clients the best environment possible for conducting business,” said Peter Kalikow, developer and owner of 101 Park Avenue.
“I am very proud of the fact that 101 Park Avenue has such a prestigious roster of tenants who recognize value and stay for a long time. In fact, over 60% of the tenants at the property are original tenants. Other tenants, including Morgan Lewis, Booz & Co., Kelley Drye & Warren, and Curtis, Mallet-Prevost, have been at 101 Park from its very inception. That is a strong testament to the quality and services provided at 101 Park Avenue.”
A Cushman & Wakefield team led by John Cefaly, Executive Vice Chairman, Gus Field, Vice Chairman, Clark Finney, Senior Director, and David McBride, Senior Director, serve as exclusive leasing agent and represented ownership, Kalikow Properties, in the transactions.
Michael Laginestra, Stuart Eisenkraft and Michael Geoghegan of CB Richard Ellis represented Morgan Stanley and Rocco Laginestra, Michael Whellen and Jared Freede of CB Richard Ellis represented Convene.
101 Park Avenue is a Class-A building located in Midtown Manhattan’s Grand Central neighborhood. The office building is conveniently located near Grand Central Terminal and major subway lines. More than 60 percent of tenants that leased space in the building since its inception are still doing business at the prestigious 101 Park Avenue address.