Between the Bricks 6.24.2014
June 25, 2014

Pzena Investment Management will leave Tower 45 at 120 W. 45th to move to 36,996 feet on the eighth floor at 320 Park Ave.

The 35-story building owned by Mutual of America sits on the entire blockfront between 50th and 51st streets.

Ken Ruderman of Savills Studley represented the tenant while MoA, which occupies 300,000 feet of the 730,000-foot tower, was represented by Frank Doyle, Dave Kleiner and Dan Kollar of JLL.

Space is rarely available but when it is, we hear asking rents in the base run from the mid-$80s to what sources said are up to $120 per foot in the tower floors that set back from 19,000 to a slender 8,000 feet.

Between the Bricks 6.24.2014

Related Stories

Strong Demand in Some Markets and Limited Construction in Others Depresses Availability
Fed Rate Hikes: Sooner, But Smaller