Six Flags’ Roller-Coaster Views: 10-Year Lease in Monday’s 230 Park

230parkpropertyshark 2 Six Flags’ Roller Coaster Views: 10 Year Lease in Monday’s 230 Park

230 Park Avenue

From its new 16th-floor offices, Six Flags has an unobstructed view all the way up the whirlwind, roller-coaster ride of Park Avenue. The theme park behemoth, which has been having some great adventures of its own in bankruptcy court, signed a 10-year lease at 230 Park Avenue. The asking rent was about $50 a square foot, according to Crain’s.

With parks from Kentucky to Dubai, the company may be signaling with its new headquarters a global expansion intended to save the flailing brand. After signing a financing agreement with a Bahrain-based investment bank, Six Flags recently announced plans to market its brand in China.

The former Helmsley building, 230 Park Avenue, is represented by a co-agency team of Monday Properties and CB Richard Ellis. Brian Robin, the chief operating officer of Monday Properties, said of the 22,000-square-foot transaction: “We know they had many alternatives. [The Six Flags] lease shows the value of an exceptional building and the creative planning of everyone involved in this deal.”

Matthew Leon and Ryan Kass of Newmark Knight Frank represented Six Flags.

egeminder@observer.com