Ferrari’s Prancing Horse will soon be removed from the room of his exhibition at 410 Park Ave. At 425 Park Ave, beyond the road in East 55Th St.
Ferrari Agreement North America Inc. For 7,629 square meters on two levels in L&L Holding Co.’s Tower brings 670,000 square meters of office and retail of the tower to 100% rent.
The tower designed by Foster + Partners was developed by the L&L with the co-capital partner and the co-development of Tokyu Land US Corp. and co-management of partner BGO. Ken Griffin’s Citadel is the 440,000 -square -foot anchor’s office. Well-known Jean-Georges Vongerichten restaurant four twenty-five in the Eastern Road Corner 56 was the first retail tenant.
The building at 410 Park Ave, which was the site of the Ferrari first Ferrari exhibition hall in New York, is more than 90% for rent for financial tenants. But the first floor of Ferrari, the low ceiling space cannot be compared to the viewing of the floor to the ceiling that will have in 425, nor with the prestige of its architecture.
The chairman and CEO of L&L David W. Levinson called Ferrari Move “a crowning achievement for L&L Holding and all our project partners”.
Levinson told the control of real estate, “we don’t have to ruin them [loose from 410 Park]. They are doing a strong marketing act and wanted to have the best exhibition hall in North America. “
Ferrari’s new home is a block from an impressive Aston-Mari’s room at 450 Park Ave.
“Ferrari is pleased to start a new chapter in our expanding presence in New York City in such an iconic building in the heart of Mid-Townan,” said Matteo Torre, President Ferrari North America.
L&L Holding was represented at home by Jonathan Tootell, Tanya Grimaldo and Giannina Brancato. Ferrari was reped by Patrick Smith of Jll and Frank Recre of Accment.
Make an agreement! Apollo Global Management talks per 100,000 square meters in 590 Madison Ave., first reported in The Commercial Observer, simply resulted in a signed rental, has learned Check Realty.
It brings the tower 1 million square legs managed by Edward J. Minskoff Equations to 87% for rent, from 77% two years after IBM’s departure and two other tenants. It is a growth action for Apollo, which was subselled below 72,000 square meters in 3 Bryant Park.
Apollo was reped by a CBre team led by Stephen B. Siegel and Michael Geoghegan. The landlord was replied by Minskoff and Matthew Qynn at home and a different team of CBre.
Siegel called the 590 Madison “a key example of the important demand for renewed office space in desirable places like the Plaza County”.
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Image Source : nypost.com