NEW YORK—Monday Properties is relocating its headquarters to a full floor, 16,336 square feet, at Park Avenue Tower. Located at 65 E. 55th St., between Park and Madison avenues, the building is in the center of the Plaza district. Industry sources tell GlobeSt.com that the asking rent was $135 to $140 per square foot.
The building's owner and operator Equity Office has signed a lease for Monday Properties to occupy the entire 27th floor of the 620,000 square-foot, 36-story tower for 15 years.
Equity Office recently completed a capital improvements program at the property, which was originally built in 1986. The redevelopment added a 20,000 square-foot space with a fitness facility, business lounge and workplace eatery. The upgrades included renovating the plaza, lobby and updating the mechanical systems.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
