Creative Office Pavilion Moves to Midtown South
By Chava Gourarie January 17, 2020 2:46 pm
reprints
Creative Office Pavilion is moving to a Midtown South building tricked out for creative office tenants.
The workplace design company signed a 10-year lease for 9,936 square feet at 470 Park Avenue South at the corner of East 32nd Street, according to landlord SJP Properties.
The Boston-based Creative Office Pavilion, which provides office furnishings and workspace design consulting services, will use the seventh-floor space as a showroom and an employee workspace. It plans to move in during the first quarter of 2020. Asking rent was $80 per square foot, according to SJP.
Paul Amrich of CBRE represented the tenant in the deal, while CBRE’s James Ackerson, Neil King, and Dan Wilpon represented SJP.
SJP acquired the 301,178-square-foot building for $245 million in 2018 together with PGIM Real Estate and planned to fill several prebuilt floors, such as the seventh, with creative and tech tenants, as Commercial Observer reported at the time.
“Creative design companies are exactly the kind of tenant that can utilize our prebuilt floors to their maximum potential,” said Zach Freeman, an SJP Properties executive, in prepared remarks. “We know that Creative Office Pavilion will thrive in the Park Avenue South submarket and we’re eager to welcome them into the collaborative ecosystem we’re cultivating at our building.”
Other tenants in the building include travel website Priceline, marketing consultant Distillery and music agency Opus 3 Artists.
