Maybank Expands at 400 Park Avenue, Continues Building’s Renaissance

400 Park Avenue

The Malaysian bank Malayan Banking Berhad is expanding at 400 Park Avenue. The company commonly known as Maybank originally subleased part of the ninth floor of the 22-story building on Park Avenue at 58th Street in 1984. Now, it will move into 14,812 square feet of office space occupying the entire 11th floor in a new lease direct with owner Waterman Interests.

Daniel Horowitz and Gary Kerper of Studley represented Maybank, while Drew Isaacson represented Waterman in-house. Mr. Horowitz said that discussions had been taking place over the last year. Asking rents at 400 Park Avenue range from $80 per square foot on the base floors to $100 per square foot on the top floor. Read More