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Citadel Expands Space at 425 Park Ave.

The anchor tenant at L&L Holding’s Plaza District development is increasing its occupancy to approximately 331,800 square feet.

425 Park Ave. architectural rendering, diagrid level Architectural rendering of 425 Park Ave., diagrid level

NEW YORK CITY—Citadel Enterprises is expanding its footprint at L&L Holding Company’s 47-story office tower currently under construction at 425 Park Ave. In addition to the 211,400 square feet it originally leased in 2016, the global asset management firm is renting an additional 120,400 square feet across the ninth through 14th floors, to occupy a total of 16 floors. Citadel will relocate from its current offices at 601 Lexington Ave. when the new building is completed in early 2020.

Asking rents at 425 Park Ave. range from $185 to $255 per rentable square foot.

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Betsy Kim

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.

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