101 Park ave Home to Club 101, a popular meeting venue for the CRE industry, 101 Park Ave. is now 60% leased.

NEW YORK CITY—The Federal Home Loan Bank of New York has renewed and extended its lease at its flagship property, 101 Park Ave. The property is owned by H.J. Kalikow & Co.

A tenant since 2002, FHLBNY is relocating from its current fifth floor space to the seventh floor, and, in addition, expanding its footprint by 20,344 square feet on the sixth floor. In total, the bank will occupy 68,000 square feet of space.

A Cushman & Wakefield team of John Cefaly, executive vice chairman; Augustus Field IV, vice chairman; Brooks Hauf, associate director and Nicholas Dysenchuk, senior associate, represented H.J. Kalikow & Co.

A CBRE team of Michael Geoghegan, vice chairman; Christopher Mansfield, SVP; Harly Stevens, SVP and Brett Shannon, senior associate, represented FHLBNY.

The FHLBY is part of a congressionally charted, nation-wide Federal Home Loan Bank system, which was created in 1932 to provide a flexible credit liquidity source for member community lenders in home mortgage and neighborhood lending.  The mission of the Federal Home Loan Bank of New York is to advance housing opportunity and local community development by supporting members in serving their markets.

Peter S. Kalikow, president of H.J. Kalikow & Co., and builder/owner of 101 Park Avenue says, “We are very pleased that the FHLBNY has chosen to make its home here at 101 Park Avenue for another 15 years. The bank has been a tremendous tenant, and we are thrilled that it has honored us with its continued tenancy.”

He adds that over 60% of the original tenancy of the building remains at 101 Park Ave. The property is home to Club 101, a popular meeting venue for the commercial real estate industry.

José R. González, president and CEO of the FHLBNY, states, “101 Park Ave. has provided a tremendous home for us over the past fifteen years, and we look forward to our continued relationship in the future. One could not ask for a better building or landlord; they are both superb.”