|Address:||360 Park Avenue South||Class:||A|
|Cross Streets:||Madison Avenue & Park Avenue South||Size:||462,000 SF|
|Year built:||1913||Architect:||Neville & Bagge|
The 21-story landmark office tower at 360 Park Avenue South was originally completed in 1913. It was designed by Neville & Bagge, one of the most prolific architecture firms in New York City at the beginning of the 20th Century. The property was previously known as the Hess Building and was purchased by Boston Properties in 2021. 360 Park Avenue South is currently undergoing an extensive upgrade, transforming it into one of the most desirable Class A office destinations in Midtown South.
462 KSF of Class A Gramercy Park Office Space
The 21-story tower at 360 Park Avenue South offers close to 462,000 square feet of Class A Gramercy Park office space for rent. Boston Properties recently paid $300 million to acquire the leasehold management of the building and has already kicked off an extensive renovation program to modernize it.
360 Park Avenue South offers more than 23,000 square feet of rentable square feet on every floor. The building also incorporates a 5,015-square-foot, newly-renovated rooftop terrace with Midtown Manhattan and Madison Square views. Amenities at the tower include high ceilings, operable windows on each floor, ground-level amenity space, and dedicated lobby entrances.
Getting to and from 360 Park Avenue South
360 Park Avenue South is conveniently located in the heart of Midtown South, in the buzzing Gramercy Park submarket. Those working in the building have easy access to public transportation, as Penn Station and Grand Central Terminal are just 10 minutes away. There are also more than 50 dining options in the area and public parks, perfect for casual lunches.
Who is renting office space at 360 Park Avenue South?
Up until December 2021, 360 Park Avenue South was occupied by a single tenant, namely business information company RELX. The tenant vacated the property at the end of 2021, and Boston Properties kick-started their renovation effort. New tenants have already signed up for office space in the tower, including NYU Langone Health, HMS, APCO Worldwide, and Ipsos.
How much is the rent price for office space at 360 Park Avenue South?
Office asking rents at 360 Park Avenue South hover around $75 per square foot, but prices can vary depending on the lease terms. Competition for available office space is intense, given the property’s unrivaled location and neighborhood tenant roster. More than 50 Fortune 500 companies are operating in the area surrounding 360 Park Avenue South.
Image via Google Street View