Carlyle Group Leases Office Space At SL Green’s 245 Park Avenue For 10 Years

The asset involved in the transaction is an office property located at 245 Park Avenue in Manhattan, encompassing 150,036 square feet. The lease was signed for a duration of 10 years, with Carlyle Group as the tenant occupying this space within the building owned by SL Green.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 245 Park Avenue
• Market: Manhattan
• Asset Size: 150,036 SF
• Landlord: Marc Holliday - SL Green
• Tenant: Harvey M. Schwartz - Carlyle Group
• Landlord's Representative: Bruce Mosler, Harry Blair, Ron Lo Russo, Justin Royce & Pierce Hance - Cushman & Wakefield
• Tenant's Representative: Joseph Messina, Evan Margolin, Andrew Lutzer, Gregory Lubar, Jessica Berkey & Steve Spartin - JLL

Carlyle Group's lease also includes an additional 52,121 square feet at Irvine Company’s 200 Park Avenue, bringing the total occupancy across two Midtown towers to 202,157 square feet. This expansion complements Carlyle Group's existing space of 194,702 square feet at One Vanderbilt.