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Two more leases signed at 345 Park Ave. South.

As exclusive leasing agent to 345 Park Avenue South, Galbreath Riverbank has recently completed leases for close to 50,000 square-feet in the property. The marketing campaign is under the direction of Executive Director Mitchell Konsker and Vice Chairman Bruce Mosler. Paul Glickman. Executive Director of Galbreath Riverbank is also on the leasing team. A year into this assignment, Galbreath Riverbank has leased over 120,000 square-feet.

In the first deal, Galbreath Riverbank completed a 40,000 square-foot long term renewal with the United Nations Archives, for the entire 11th and 12th floors. The U.N. Archives was represented by David Schneck of William A. White/Grubb & Ellis.

In another transaction, Galbreath Riverbank consummated an 8,800 squarefoot retail lease to Staples Inc., one of the nation's largest office supply retail chains. The company will occupy a portion of the ground floor and will be open for business by April 1. Peter Cirlin of 2001 Real Estate represented the tenant. 345 Park Avenue is located between 25th and 26th Streets in Manhattan and is one of Park Avenue South's premiere buildings. The owner has committed its resources to upgrading and renovating the property. The new amenities include a new sidewalk, new roof, thermopane windows, restrooms and elevators that comply with ADA standards as well as upgrades to the HVAC and air conditioning. The property also offers a refurbished lobby.

Galbreaffi Riverbank is currently marketing ffie entire 6th, 7th and 8th floors, and a portion of ffie 9th floor which enables a tenant to have approximately 77,000 square-feet of contiguous space.
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Title Annotation:commercial building in New York, New York
Publication:Real Estate Weekly
Date:Apr 7, 1993
Previous Article:250 Park Ave. So. completes leasing.
Next Article:New York City issues RFP for market-rate housing plan.

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