Fidelity Signs Lease For 23,500 Square Feet At 320 Park Avenue In Manhattan

The asset involved in this transaction is an office and retail space at 320 Park Avenue located in Manhattan. The transaction involves a total square footage of 23,500 with an asking rent of $170 per square foot.

Summary of transation details:

• Property Type: Office & Retail
• Transaction Amount: $170/ft
• Square Footage: 23,500
• Address: 320 Park Avenue
• Market: Manhattan
• Landlord: Stephen J. Rich - Mutual of America Financial Group & Joachim Wenning - Munich Re
• Tenant: Abigail Johnson - Fidelity
• Landlord's Representatives: Carlee Palmer, David Kleiner & Frank Doyle - JLL
• Tenant's Representatives: Annette Healey, Christopher Heyn - CBRE & Dale Schlather - Cushman & Wakefield

Fidelity has signed a lease for 20,000 square feet of office space and 3,500 square feet of retail space, relocating from 350 Park Avenue amid redevelopment plans by Vornado Realty Trust, Rudin, and Citadel. JLL and CBRE brokers represented the transaction.