Newmark has recently secured a 15-year lease renewal and expansion at 125 Park Ave in Midtown Manhattan, adding an additional 39,821 square feet to its current space, bringing the total to 184,239 square feet. The lease was facilitated by SL Green Realty Corp., with Newmark being represented by their in-house team consisting of Jason Perla, Brian Waterman, David Waterman, and Matthew Schreiner.
Steven Durels, EVP and director of leasing and real property at SL Green, expressed his satisfaction with the extension of their partnership with Newmark. He also highlighted the strong demand for premium office space near Grand Central Terminal, which is a testament to the robustness of the Midtown Manhattan office market.
SL Green’s 125 Park Ave is almost fully occupied, with over 99% of the space leased. The company is currently working on enhancing the building’s entrance and designing a new lobby, while preserving its original architectural charm. Built in 1923, the building holds the distinction of being a designated New York City landmark due to its significant contribution to the character and vibrancy of Midtown East.
5 Comments
Wow, it’s amazing to see how much Newmark has grown! Tripling their footprint is no small feat. I’m curious to know what plans they have for this expanded space and how it will benefit both their employees and clients.
I had no idea Newmark was expanding so rapidly! This tripled footprint at 125 Park Ave is truly remarkable. I can’t wait to see how they utilize the extra space for their innovative projects.
I am amazed by Newmark’s remarkable expansion at 125 Park Ave! Tripling their footprint is no small feat. The dedication and hard work put into this project must be truly astounding.
I am in awe of Newmark’s incredible growth and expansion. Tripling their footprint at 125 Park Ave is an impressive feat that showcases their commitment to success. I can’t wait to see what they have in store for the future. #NewmarkExpansion
Wow, this expansion is truly remarkable! It’s fascinating to see how Newmark is able to adapt and thrive in a constantly evolving market. Kudos to the team for their vision and hard work in achieving such impressive growth. #NewmarkTripled
While I appreciate Newmark’s expansion, I wonder how it impacts the surrounding community. Has there been any consideration for potential congestion or overcrowding? It would be interesting to hear more about the initiatives they are taking to mitigate any negative effects. #CommunityImpact
This remarkable expansion at 125 Park Ave demonstrates Newmark’s commitment to meeting the demands of their clients. With a tripled footprint, they are now better positioned to provide top-notch services and accommodate a growing clientele. #ClientSatisfaction
I completely agree with Newmark’s decision to expand at 125 Park Ave. As the market evolves, it’s important for companies to adapt and seize opportunities for growth. This move exemplifies Newmark’s forward-thinking mindset and dedication to staying ahead in the industry. #AdaptOrPerish
With this expansion, Newmark has solidified its position as a leader in the industry. I’m curious to know how this growth will enable them to offer even more innovative solutions and services to their clients. Exciting times ahead for Newmark! #IndustryLeader
Wow, Newmark’s expansion at 125 Park Ave is nothing short of impressive. I wonder if there are any plans to incorporate sustainable and eco-friendly practices in their new space? It would be fantastic to see such a successful company prioritize environmental consciousness. #SustainabilityGoals
This astounding tripled footprint at 125 Park Ave undoubtedly gives Newmark a competitive edge in the market. By expanding their physical space, they are well-equipped to deliver superior customer service and to attract more clients. #CompetitiveAdvantage
The remarkable expansion at 125 Park Ave is a testament to Newmark’s unwavering dedication to their clients. I applaud their commitment to providing exceptional service and building long-lasting relationships. Congratulations to Newmark on this exciting achievement! #ExceptionalService
I’m curious to know if Newmark’s expansion at 125 Park Ave will create more job opportunities within the company. It would be interesting to hear about their plans for expanding their workforce to support their growing operations. #JobOpportunities
I can’t believe the incredible growth and expansion of Newmark at 125 Park Ave! Tripling their footprint is truly remarkable and shows their commitment to providing top-notch services. I’m curious to know how this expansion will benefit both the company and its clients in terms of improved resources and accessibility.
Wow, Newmark’s expansion at 125 Park Ave is truly impressive! It’s amazing to see a company thriving and growing in such a competitive market. I’m interested to learn how this expansion will impact the surrounding community and if there are any plans to incorporate sustainable elements into the new space.
Newmark’s expansion at 125 Park Ave is a great example of how companies can adapt and scale to meet the needs of their clients. By tripling their footprint, Newmark is positioning themselves to provide an even higher level of service and support. I’m excited to see how this growth will contribute to their industry expertise and customer satisfaction.
This expansion at 125 Park Ave is fantastic news for Newmark! Being able to accommodate more clients and offer a wider range of services will surely strengthen their position in the market. I’m wondering if there are any plans to expand their team as well to keep up with the increased demand.
I love seeing companies invest in their growth and expansion! Newmark’s decision to triple their footprint at 125 Park Ave is a bold move that will not only benefit the company but also contribute to the overall economic development of the area. I’m curious if they plan on collaborating with local businesses or organizations to maximize the positive impact.
The news of Newmark tripling their footprint at 125 Park Ave is truly impressive! It’s a clear indication of their success and commitment to continuous improvement. I wonder if this expansion will allow them to add any unique features or amenities that will enhance the overall client experience.
With Newmark’s groundbreaking expansion at 125 Park Ave, it’s evident that they are going above and beyond to meet their clients’ needs. I’m interested to know if this growth will allow them to offer any specialized services within their industry or if they plan on partnering with other companies to diversify their offerings.