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Benchmark 33,000 s/f deal closed at 375 Park Avenue.


In a benchmark deal for high-end high-end
adj. Informal
1. Appealing to sophisticated and discerning customers: a high-end department store; high-end video equipment.

2.
 Manhattan office properties, RFR RFR Radio Frequency Radiation
RFR Request For Resources
RFR Right of First Refusal
RFR Radio Free Roscoe (TV show)
RFR Risk-Free Rate (investing)
RFR Rio Frio, Costa Rica
 Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 has leased two full floors, totaling 33, 000 square feet, at its 375 Park Avenue property to Centerbridge Capital Partners, L.P., a private equity firm.

Following a custom build-out, Centerbridge will occupy its new headquarters at 375 Park Avenue during the first quarter of 2007.

RFR Realty Vice Presidents Steve Morrows Stephen Joseph "Steve" Morrow (born July 2, 1970 in Belfast) is a Northern Ireland former football player. He is currently the head coach of FC Dallas in the United States' Major League Soccer.  and David Panzirer represent 375 Park Avenue.

Morrows, who spearheaded the transaction for the owner, said, "We are delighted to welcome Centerbridge to 375 Park Avenue. The firm is a perfect complement to our prestigious tenant roster.

"This lease demonstrates the continuing strong demand for Class A marquee office addresses and the upward momentum in rental rates for Manhattan's premiere office buildings."

Brian Goldman and Scott Rosen of Newmark Knight Frank represented Centerbridge in the leasing transaction.
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Publication:Real Estate Weekly
Date:Nov 8, 2006
Words:140
Previous Article:S&Z exclusive.
Next Article:New leases help JEMB take occupancy to 99% at 75 Broad Street.



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