Bank Takes Prime Chunk of RFR’s 345 Park Avenue South for 15 Years


345 Park Avenue South 

SEE ALSO: Deutsche Bank Asset Management Arm Relocating Offices Within Midtown East

A consumer bank has grabbed a prime slice of midtown real estate on the ground floor of the 44-story 345 Park Avenue South. Doral Bank FSB has signed a 15-year lease for 7,675 square feet.

The bank is headquartered in Puerto Rico and has more than $10 billion in assets. 

“With this prime location in one of the busiest commercial districts in Manhattan, we anticipate a long and successful relationship with our new tenant,” said Garett Varricchio of RFR Realty, who represented the landlord. (Robert K. Futterman & Associates also repped the landlord.)

The asking rent was not disclosed, but the building typically commands top rents, sometimes in the triple digits per foot annually.

William Crisp Realty represented the tenant.

Editor’s note: This item reflects a correction. Three Forty-Five Park Avenue South is not next to the Seagram Building. Regrets.