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Deals & Dealmakers

Pandora grows to 103,000 s/f at 125 Park

Pandora Meida, the online music provider, will double is offices at SL Green 125 Park Avenue.

125 Park Avenue
125 Park Avenue

The landlord announced today (Tuesday) that Pandora Media, LLC, signed a new 10-plus-years expansion lease covering 51,065 s/f for the entire 21st and 22nd floors. When added to its existing 19th and 20th floors, the firm’s total commitment to 103,515 contiguous square feet.

 

“We were delighted to work together again with Pandora to accommodate the company’s rapid growth,” said Steven Durels, SL Green executive vice president, director of leasing, who added that “Pandora constructed an extraordinary office environment for its employees which demonstrates the opportunity for creative tenants to maximize the convenience of well-located midtown buildings.”

CBRE’s William Iacovelli and Ramsey Feher acted for Pandora in the transaction, while Howard Tenenbaum and Gary Rosen represented SL Green in-house.

Among the buildings other tenants are  Haworth; Canon Business Solutions; TD Bank and Newmark Grubb Knight Frank.

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