{"id":26290,"date":"2025-06-30T05:00:25","date_gmt":"2025-06-30T05:00:25","guid":{"rendered":"https:\/\/www.europesays.com\/us\/26290\/"},"modified":"2025-06-30T05:00:25","modified_gmt":"2025-06-30T05:00:25","slug":"monroe-capital-paying-more-for-another-floor-at-320-park-ave","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/26290\/","title":{"rendered":"Monroe Capital paying more for another floor at 320 Park Ave."},"content":{"rendered":"<p>Demand for prime Park Avenue is so great, one expanding financial company was willing to lease offices on two non-contiguous floors \u2013 and to pay more for the second one.<\/p>\n<p>After Munich Re bought out its\u00a0<a href=\"https:\/\/www.google.com\/maps\/search\/320+Park+Avenue?entry=gmail&amp;source=g\" target=\"_blank\" rel=\"noreferrer noopener\">320 Park Avenue<\/a>\u00a0partner Mutual of America late last year to assume 100% ownership of the tower, <a href=\"https:\/\/nypost.com\/2024\/12\/23\/business\/real-estate-titan-scoops-up-park-avenue-tower-in-500m-plus-deal\/?utm_campaign=iphone_nyp&amp;utm_source=mail_app\" target=\"_blank\" rel=\"noopener\">as we first reported<\/a>, the giant insurer moved quickly to lease the few remaining spaces.<\/p>\n<p>In late December, Monroe Capital signed for the entire, 15,000 square-foot 30th\u00a0floor, moving from 126 E. 56th\u00a0St. The asking rent was $140 per square foot.<\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"36385728\" width=\"885\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/general-view-320-85738391.jpg\" alt=\"Low-angle view of 320 Park Avenue in New York City.\" class=\"wp-image-36385728\"  \/>320 Park Ave.  Christopher Sadowski<\/p>\n<p>Now, Monroe has added another, lower floor at 320 Park Ave.\u00a0Sources said Monroe just signed for an additional 15,000 square feet on the entire 21st\u00a0floor, where the ask was $170 per square foot.<\/p>\n<p>\u201cDemand on Park Avenue is so great that companies are willing to split up their offices just to have more of them,\u201d our source marveled.<\/p>\n<p>Savills\u2019 Greg Taubin repped Monroe. <\/p>\n<p><img style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" data-modal-image=\"36385726\" width=\"885\" height=\"590\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/general-view-320-85738431.jpg\" alt=\"320 Park Avenue in New York City.\" class=\"wp-image-36385726\"  \/>Monroe Capital has added the 21st floor at 320 Park Ave after signing for the 30th floor late last year.  Christopher Sadowski<\/p>\n<p>JLL\u2019s Frank Doyle, Dave Kleiner and Carlee Palmer repped landlord Munich Re.<\/p>\n","protected":false},"excerpt":{"rendered":"Demand for prime Park Avenue is so great, one expanding financial company was willing to lease offices on&hellip;\n","protected":false},"author":3,"featured_media":26291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,23098,64,405,403,5226,5225,5228,5227,23099,4329,7747,6270,67,586,132,5230,68,2969],"class_list":{"0":"post-26290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-bloomingdales","10":"tag-business","11":"tag-new-york","12":"tag-new-york-city","13":"tag-newyork","14":"tag-newyorkcity","15":"tag-ny","16":"tag-nyc","17":"tag-park-avenue","18":"tag-real-estate","19":"tag-realty-check","20":"tag-retail","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114770557546469839","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/26290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=26290"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/26290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/26291"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=26290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=26290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=26290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}