Canon Renews at SL Green’s 125 Park Avenue
By Rey Mashayekhi July 19, 2018 5:56 pm
reprints
Canon Solutions America, the office technology subsidiary of camera and printing giant Canon Inc., has agreed to renew its office space at 125 Park Avenue in Midtown East, according to landlord SL Green Realty Corp.
The company signed a roughly 10-and-a-half-year deal to keep its 33,766-square-foot offices at the 26-story, 655,000-square-foot building between East 41st and East 42nd Streets near Grand Central Terminal, SL Green (SLG) disclosed in its second-quarter earnings release yesterday.
Canon Solutions is staying put on the ninth and 10th floors at 125 Park Avenue, where it is part of a tenant roster that includes commercial real estate brokerage Newmark (NMRK) Knight Frank and law firm Meister, Selig & Fein. The company has occupied space at the building since 1999, according to CoStar Group data.
Asking rent in the deal was not provided. SL Green’s Gary Rosen and Howard Tenenbaum handle office leasing at the property alongside an NKF team of Brian Waterman, David Falk, Peter Shimkim and Daniel Levine. It was not immediately clear who represented Canon in the transaction.
A spokesman for SL Green did not immediately return a request for comment. Representatives for NKF could not immediately be reached for comment.
