{"id":1004381846,"date":"2020-01-14T03:49:08","date_gmt":"2020-01-14T11:49:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004381846"},"modified":"2020-01-14T04:55:31","modified_gmt":"2020-01-14T12:55:31","slug":"sjp-properties-inks-new-midtown-manhattan-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sjp-properties-inks-new-midtown-manhattan-lease\/","title":{"rendered":"SJP Properties Inks New Midtown Manhattan Lease"},"content":{"rendered":"<div id=\"attachment_1004381849\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004381849\" data-attachment-id=\"1004381849\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sjp-properties-inks-new-midtown-manhattan-lease\/470-park-avenue-s\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Kate Wichlinski&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"470 Park Ave. S\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;470 Park Ave. S. &lt;Image courtesy of SJP Properties&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg?w=800\" class=\"wp-image-1004381849 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/470-Park-Avenue-S.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004381849\" class=\"wp-caption-text\">470 Park Ave. S. <i> Image courtesy of SJP Properties<\/i><\/p><\/div>\n<p>SJP Properties has leased the seventh floor of its 290,000-square-foot office building at 470 Park Ave. S. to Creative Office Pavilion. The office furnishing firm has signed a 10-year lease for the 9,936-square-foot space. CBRE represented both parties in the deal.<\/p>\n<p>Built in 1912, the 18-story building has undergone two cosmetic renovations in 2005 and 2014, according to Yardi Matrix. The owner renovated the seventh-floor last August. Creative Office Pavilion is expected to move into the new location in early 2020. The tenant roster includes Dstillery, Creditsights, Peppercomm, and Capital One.<\/p>\n<p>Located in Midtown Manhattan, the transit-oriented property is half a mile from the Empire State Building and less than 1 mile from the Grand Central Terminal. A variety of dining, entertainment and hospitality options are available in its vicinity.<\/p>\n<p>The team that represented the landlord included CBRE\u2019s James Ackerson, Neil King, Dan Wilpon and SJP Properties\u2019 Zach Freeman.&nbsp;CBRE\u2019s Paul Amrich negotiated the lease on behalf of the tenant. Last December, the brokerage firm facilitated the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/munich-re-group-acquires-852-ksf-manhattan-office-tower\/\">a 852,000-square-foot office building<\/a>, less than 1 mile from this location.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new tenant will occupy a recently renovated floor in an 18-story building.<\/p>\n","protected":false},"author":867,"featured_media":1004381849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32789,33112],"class_list":["post-1004381846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-sjp-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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