Rudin finishes filling 345 Park with 70K sf lease

A lease from Los Angeles-based Capital Group brought 345 Park Avenue to full occupancy, a year on from a tragedy at the building that shook the real estate industry. The global investment management firm signed a lease for 70,000 square feet at the Midtown office tower, the Commercial Observer reported. Capital Group will occupy the fourth floor of the building under a 10-year lease. The cost attached to the deal was not disclosed, but during the second quarter, the asking rent for Midtown office space on Park Avenue averaged $127.78 per square foot, according to Newmark. Capital Group is expected […]

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