The financial services firm ABN AMRO Holdings signed an expansion deal at trophy building 100 Park Avenue that will extend its office space to 32,259 square feet.
The transaction at the SL Green (SLG)-owned, 825,815-square-foot building will allow the bank to expand from the 20,626 square feet it occupies on the 17th floor to an additional 10,889 square feet on the 23rd. The firm will also take on 744 square feet of non-contiguous storage space, brokers involved with the deal told The Commercial Observer. The 11-year lease term for ABN AMRO’s office’s on the 17th floor is coterminous with its expansion space on the 23rd floor, they added.
Chris Kraus and Mercedes Fernandez of Jones Lang LaSalle represented ABN AMRO in the transaction, while Larry Swiger of SL Green represented the building owner in-house alongside Peter Alden, an associate with Cushman & Wakefield.
“ABN AMRO has recently moved into 100 Park Avenue following an extensive build-out of its new space on the 17th floor of the building,” Mr. Kraus said in a statement. “Due to the positive experience the bank has enjoyed at the building, ABN AMRO decided to opportunistically expand onto the 23rd floor to accommodate an incoming business unit and organic expansion. The bank also extended its lease on the 17th floor.”
jsederstrom@observer.com
