{"id":1004609657,"date":"2022-11-02T06:18:50","date_gmt":"2022-11-02T14:18:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004609657"},"modified":"2022-12-08T13:05:09","modified_gmt":"2022-12-08T21:05:09","slug":"stahl-inks-93-ksf-in-midtown-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stahl-inks-93-ksf-in-midtown-manhattan\/","title":{"rendered":"Stahl Inks 93 KSF in Midtown Manhattan"},"content":{"rendered":"
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277 Park Avenue. Image courtesy of The Stahl Org.<\/p><\/div>\n

The Stahl Organization<\/strong> has signed a 93,000-square-foot lease with M&T Bank<\/strong> at its 277 Park Ave. property in Manhattan’s Plaza District. Cushman & Wakefield<\/strong> worked on behalf of the landlord, while Joshua Stein PLLC<\/strong> provided legal representation for Stahl in the lease signing.<\/p>\n

The new tenant will be moving its longtime headquarters from Vornado Realty Corp.’s 350 Park Ave. to the 24th and 27th floors of the 1.9 million-square-foot Class A tower. Located between 47th and 48th streets, the LEED Silver-certified Midtown Manhattan building is within walking distance from Grand Central Station.<\/p>\n

Stahl erected the 51-story high-rise on a 3.7-acre site in the early 1960s. The building features 40,000 square feet of retail space, according to CommercialEdge. Cushman & Wakefield\u2019s Mark Boisi said in prepared remarks that in 2018 Stahl commenced a $120 million capital improvement program on the property, with Bohlin Cywinski Jackson<\/strong> as architect. To be completed by the end of the year, the overhaul will result in a new lobby with 30-foot ceilings and plaza with green space, as well as a new entrance and lobby on Lexington Avenue.<\/p>\n

The building’s current tenant roster includes high-profile finance companies, such as JPMorgan Chase, ANZ Bank and Bank of India.<\/p>\n

New leases in the Plaza District<\/h2>\n

In addition to M&T Bank’s commitment, Cushman & Wakefield and Joshua Stein PLLC represented Stahl in five other recent lease signings at the property, with all six deals amounting to 269,000 square feet. The brokerage team included Mark Boisi, Bryan Boisi and Gordon Hough, while the legal team comprised of Joshua Stein and Lauren Silk.
\nThe other leases included:<\/p>\n