LEASED
Flagstar Bank Leases 59,000 SF Office Space At 320 Park Avenue In Midtown East
320 Park Avenue
Office
59,000 SF
59,000 SF
Leased 116 days ago
Summary
Lease
NEW YORK
Office
59,000 sqft
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.
Players
Details
LEASED
IMAGE: David Kleiner, Frank Doyle, Joachim Wenning, Howard Kaplowitz & Michael Cohen
DATE: 01/10/2024
ADDRESS: 320 Park Avenue
MARKET: Midtown East, Manhattan
ASSET TYPE: Office
LANDLORD: Mutual of America & Joachim Wenning - Munich Re
TENANT: Flagstar Bank
LANDLORD'S REP: David Kleiner & Frank Doyle - JLL (@JLL)
TENANT'S REP: Howard Kaplowitz & Michael Cohen - Colliers International (@ColliersInternational)
ASKING RENT: $125/ft ~ SF: 59,000
NOTE: Flagstar Bank, having acquired a substantial portfolio from Signature Bank last year, has secured 59,000 square feet at 320 Park Avenue in Midtown East to manage the acquired assets.View on map
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Address320 Park Avenue
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