Flagstar Bank Leases 59,000 SF Office Space At 320 Park Avenue In Midtown East

The office space at 320 Park Avenue in Midtown East, Manhattan has been leased to Flagstar Bank. The property spans 59,000 square feet with an asking rent of $125 per square foot. The landlords of this asset are Mutual of America and Joachim Wenning of Munich Re, while the landlord's representatives in the deal were David Kleiner and Frank Doyle from JLL. Flagstar Bank's representatives, Howard Kaplowitz and Michael Cohen from Colliers International, facilitated the lease agreement.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 320 Park Avenue
• Market: Midtown East, Manhattan

Flagstar Bank, following an acquisition of a significant portfolio from Signature Bank, has now secured the 59,000 square feet at 320 Park Avenue in Midtown East. This space will be utilized to manage the acquired assets, making this a strategic move for the bank to expand its operational capabilities in the region.