Monroe Capital Leases 30th Floor Office Space At 320 Park Avenue From Munich Re

The property involved in this lease transaction is an office asset located at 320 Park Avenue in Manhattan. The asking rent for the space is $170 per square foot for a total of 15,000 square feet. Monroe Capital has expanded its office presence by leasing an additional 15,000 square feet, allowing them to occupy the entire 21st and 30th floors of Munich Re’s building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 320 Park Avenue
• Market: Manhattan
• Landlord: Munich Re
• Tenant: Theodore L. Koenig - Monroe Capital
• Landlord's Representative: Frank Doyle, David Kleiner & Carlee Palmer - JLL
• Tenant's Representative: Greg Taubin - Savills
• Asking Rent: $170/ft
• Square Footage of Lease: 15,000

The key individuals involved in this transaction include Frank Doyle, David Kleiner, and Carlee Palmer, who represent Munich Re through JLL, while Greg Taubin represents Monroe Capital through Savills. This transaction reflects Monroe Capital's strategic decision to double its workspace at this location.