SL Green Realty Corp today announced that popular personalized internet music provider Pandora Media, Inc. has signed a 10-year lease covering 52,450 s/f on the entire 19th and 20th floors of 125 Park Avenue, the 26-story, 572,705-square-foot building located directly across from Grand Central Terminal.
“We are delighted to welcome Pandora to the building,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, who added, “Pandora was attracted to the building because of its convenient location with immediate access to Grand Central Terminal and floors that have high slab heights and oversized windows.”
Other tenants in the building include Haworth, Canon Business Solutions, Emerge 212, and Newmark Grubb Knight Frank.
CBRE’s William Iacovelli and Ramsey Feher represented Pandora in the transaction, while Newmark Knight Frank’s David Falk, Peter T. Shimkin, Daniel L. Levine and Brian S. Waterman acted on behalf of SL Green.
Meanwhile, IMG Worldwide has renewed and expanded its lease commitment at SL Green’s 304 Park Avenue South covering a total of 72,080 s/f for 15 years.
IMG Worldwide is a global sports, fashion and media business operating in more than 30 countries around the globe. IMG represents the world’s top models, leading designers, elite athletes, coaches and industry executives.
304 Park Avenue South is a 210,000 s/f, 12-story property located directly across from Madison Square Park. The building is located in the heart of the midtown south market and features immediate proximity to mass transportation, 18,000 square foot floors and recent lobby and elevator upgrades which make it ideal for creative, high profile companies searching for space within one of the country’s best sub-markets.
“We’re thrilled to have been able to satisfy IMG’s growth requirement and we look forward to continuing their long term occupancy as the building’s anchor tenant,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green Realty Corp.
CBRE’s Michael R. Laginestra, Rocco Laginestra and Christopher Mansfield represented IMG in the transaction, while Durels, Howard Tenenbaum and Gary Rosen acted in-house on behalf of SL Green.