Angelo Gordon Renews At 245 Park Avenue


The real estate investment firm Angelo Gordon has renewed its office lease at 245 Park Avenue The Commercial Observer has learned.

The company renewed its hold on two floors at the 1.6-million-square-foot Midtown tower, which is owned by the office REIT Brookfield Properties.

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245 park avenue Angelo Gordon Renews At 245 Park Avenue
245 Park Avenue

Angelo Gordon extended its lease for the entire 22nd and 26th floor, space that totals about 75,000 square feet. The company will take the floors for another 13 years for rents in the $80s per square foot a source said.

The company is a well known investment firm in the city, part of a group that developed Chelsea Market into a popular and highly successful retail and office building near the Meatpacking District. The company sold its stake in that property last year. Last month, the company bought the Japanse steak house chain Benihana for about $300 million.

A spokesman at Angelo Gordon didn’t respond to a request for comment by press time. Brookfield executives who handled the deal for the company also couldn’t be reached.