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.