Research Firm CreditSights Takes 28K SF at Morgan Stanley’s 2 Park Avenue
Financial research firm CreditSights has reportedly agreed to take around 28,000 square feet of office space at 2 Park Avenue near Murray Hill.
CreditSights signed a 10-year lease at the 29-story, 1-million-square-foot office building between East 32nd and East 33rd Streets, according to The Real Deal. The research firm’s New York City offices are currently housed at 470 Park Avenue South, just one block south of 2 Park Avenue, though the publication said it is unclear whether the transaction represents a relocation or an expansion of CreditSights’ Manhattan office footprint.
Starting rent in the deal was in the mid-$60s per square foot, TRD reported. A Cushman & Wakefield (CWK) team of Tara Stacom, Mitchell Arkin, David Green and Mike Tranfalia handles leasing at 2 Park Avenue on behalf of landlord Morgan Stanley (MS) Real Estate, according to the property’s website, while Nick Farmakis of Savills Studley represented CreditSights in the transaction.
Spokespeople for CreditSights, C&W and Savills Studley did not immediately return requests for comment.
Morgan Stanley acquired 2 Park Avenue from a partnership led by L&L Holding Company for more than $519 million in 2007. Major office tenants at the building include Kate Spade, law firm Herrick Feinstein and the American Society of Mechanical Engineers.