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Article: Eastern sells 300 Park Avenue South.
- Article from:
- Real Estate Weekly
- Article date:
- November 3, 1999
CopyrightCOPYRIGHT 1999 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As office vacancy rates throughout the city continue their downward trend and rents continue their gradual and steady increase, Midtown South is arguably still the hottest office leasing market in Manhattan.
In addition to area mainstays such as Metropolitan Life, New York Life and now Credit Suisse First Boston, many other established, credit-worthy tenants are scouring the area for available blocks of space. The departure of Guardian Life from its headquarters building at 201 Park Avenue South and the subsequent conversion of that building into a hotel will remove one of the only significant blocks of vacant space from the office inventory, further tightening ...