Blackstone is increasing its headquarters to more than 1M SF at 345 Park Avenue and extending the lease on the space through the end of 2034.

The private equity giant is finalizing the largest Manhattan office lease deal of 2024—or any year in recent memory—to take 28 floors encompassing 1.06M SF in Rudin's tower, Bloomberg reported.

With the expansion and extension of its 750K SF lease at the 1.9M SF tower, Blackstone will now occupy 55% of the building, where it has been a tenant since 1988. The deal is a six-year extension of the lease.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.