|Address:||225 West 34th Street||Class:||A|
|Cross Streets:||West 34th & West 35th Streets||Size:||551,000 SF|
|Year built:||1924||Architect:||Schwartz & Gross|
The Art Deco office building rising at 225 West 34th Street was built in 1924 and is also known as 14 Penn Plaza. It boasts a design by Schwartz & Gross and is part of the Pennsylvania Plaza mixed-use complex in Midtown Manhattan. The building was renovated in 2014, and it offers high-quality office space in one of Midtown’s most desirable submarkets.
551 KSF of Class A Penn Station Office Space
14 Penn Plaza offers 551,000 square feet of Class A Penn Station office space and retail space across 22 stories. The property is owned and managed by Circle Realty Group, and underwent renovations in 2014. The upgrades included a renovated, 24/7 attended lobby, high-speed elevators, a new security system, and a thoroughly modernized infrastructure.
Amenities at 225 West 34th Street include eight passenger elevators and four freight elevators, emergency lighting and power systems, sprinkler systems, abundant natural light and exceptional views of Manhattan. Floor sizes range from 25,000 to 30,000 square feet, making 14 Penn Plaza ideal for small and mid-sized office tenants.
Getting to and from 14 Penn Plaza
14 Penn Plaza is conveniently located right across from Penn Station, connecting tenants to the 1, 2, 3, A, B, C, D, E, F, N, Q, R, V, and W trains, as well as PATH lines. Those working within the building also have easy access to numerous hotels, retailers, and restaurants in the area.
Who is renting office space at 14 Penn Plaza?
14 Penn Plaza is home to various high-profile office tenants, as well as retail tenants. Notable tenants occupying space in the building include EwingCole, AmidaCare, Square Foot Realty, Abacus Group, Friedman Management Corp., Virgo Business Centers, Paychex, Mueser Rutledge, and Foot Locker Inc./Flight 23 Jordan.
How much is the rent price for office space at 14 Penn Plaza?
Office asking rents at 14 Penn Plaza start somewhere around $55 per square foot, but can go above $65 per square foot, depending on the terms and the size of the lease. Midtown Manhattan‘s Penn Station submarket is one of the most desirable for office tenants, given the excellent transportation options. Consequently, Class A office space in the area often rents at a premium.
Building image via Google Street View