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Revlon Subleases 3 floors at 237 Park Ave.


After an exhaustive search for midtown headquarters space, Revlon Consumer Products Corporation signed a lease for 151,484 SF to occupy the 12th, 14th, and part of the 13th floors of 237 Park Avenue, a 21-story tower owned by Max Capital Management Corporation.

Insignia/ESG's Robert Alexander

For other people named Robert Alexander, see Robert Alexander (disambiguation).
Robert Alexander (c.1740-1805) was an American planter, lawyer, and Tory political leader during the American Revolution.
, Jason Gorman, Lewis Miller, Peter Turchin Peter Turchin is a specialist in population dynamics and mathematical modeling of historical dynamics ("cliodynamics").

He was born in Moscow in 1958.

In 1975 he entered the School of Biology of the Moscow State University and studied there till 1977 when his father,
, and Jonathan Walsh arranged the 11-year deal on behalf of sublessor Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG.  Asset Management, the institutional and mutual fund asset management arm of Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , while Joshua Kuriloff and Robert Thuss of Cushman & Wakefield acted for Revlon.

Asking rents in the area range in the mid-$50 per SF range. Revlon is located at 625 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S.  and plans to move into its new space by mid-summer.

"The nature and quality of the existing installation was a major decision factor for Revlon," said Miller. "This transaction continues the trend in the market of built spaces attracting the most attention."

He added that Credit Suisse Asset Management will remain in the building and consolidate its operations on the 15th, 16th, and 17th floors.

"We are delighted that Revlon will be able to take advantage of the existing installation. This will result in significant capital savings for Revlon," said Andrew Federbusch of Credit Suisse First Boston.

Other tenants in the 1.4-million SF building include J. Walter Thompson Walter Thompson refers to:
  • Walter H. Thompson, bodyguard of Winston Churchill for eighteen years between 1921 and 1945.
  • Walter P. Thompson, President of the University of Saskatchewan 1949-1959.
 and Warburg Pincus.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 23, 2003
Words:225
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