Capital Group Leases 70,400 Square Feet At 345 Park Avenue From Rudin Management Company

The property involved in this transaction is an office space located at 345 Park Avenue in Manhattan, comprising 70,400 square feet. The asset is managed by Rudin Management Company, indicating a focus on providing quality office spaces in a prime location.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 345 Park Avenue
• Market: Manhattan
• Landlord: Michael Rudin & Samantha Rudin Earls - Rudin Management Company
• Tenant: Mike Gitlin - Capital Group
• Brokers: Chris Mansfield, Frank Scott, David Opper, Zachary Weil, Eddie Sisca & Trevor Larkin - CBRE
• Lease Terms: 10-year lease

Capital Group has signed a 10-year lease, expanding its presence with a second New York City office to enhance its sales operation. The deal showcases the involvement of multiple brokers from CBRE, facilitating the transaction between the landlord and tenant.