Kohlberg & Company Leases 18,820 Square Feet At 500 Park Avenue In Manhattan With SL Green
500 Park Avenue
Building Size
18,820 SF
Asset Type
Office
Closing
Jun 15, 2026
AI
The office asset involved in this transaction is located at 500 Park Avenue in Manhattan, covering a total square footage of 18,820. This property is owned by SL Green Realty, with a lease signed by Kohlberg & Company.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 500 Park Avenue
- Market: Manhattan
- Landlord: Marc Holliday - SL Green
- Tenant: Kohlberg & Company
- Brokers: Paul Glickman, Kristen Morgan, Frank Doyle, Cynthia Wasserberger & Michael Pallas - JLL
Kohlberg & Company, a healthcare-focused private equity firm with assets totaling $17B, is relocating within Midtown East as part of this lease agreement, securing a full floor lease at the specified location.
Players
Avon Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93