CBRE Extends Lease at 200 Park Avenue, Appointed Leasing Agent, Property and Asset Manager of Irvine Company’s Iconic Tower

Irvine Company & CBRE announced today the extension of CBRE’s approximately 180,000 SF lease at the iconic tower into 2037. The parties also announced CBRE’s appointment as the exclusive leasing agent, property and asset manager of 200 Park Avenue, succeeding Tishman Speyer.

“200 Park Avenue is one of the most coveted office destinations in New York City and we look forward to partnering with our long-term tenant CBRE to build upon the exceptional hospitality-level experience that our customers are accustomed to,” said Roger DeWames, President of Irvine Company Office Properties.

A complete reimagination was completed last year, transforming the iconic building into a welcoming, hospitality-driven environment that meets the needs of the modern workforce. The multi-year, $200 million project, included a significant lobby renovation, new premium dining experiences, a state-of-the art health & wellness center, a conferencing facility, an expansive landscaped terrace and public art exhibits.

“We have been proud to call 200 Park Avenue home for 36 years and we’re thrilled to now be entrusted to lease and manage the iconic building and work alongside Irvine Company to create the next chapter of the building's remarkable history,” said Matt Van Buren, CBRE’s president, Advisory Services, New York Tri-State. “Irvine Company’s selection of our firm to oversee this highly valuable asset is a testament to CBRE’s leadership position in the world’s largest office market.”

CBRE has assumed leasing, property and asset management responsibility for 200 Park Avenue. Mary Ann Tighe and Howard Fiddle will spearhead the leasing team, Tom Lloyd and Pia Silvestri will oversee Property Management, and Joe Mancuso and Ed Guiltinan of CBRE Investment Management will oversee asset management.

Over the next several years, a significant reinvestment will be made in CBRE’s current office space, further enhancing the design to foster collaboration, connectivity and partnership.

In addition, CBRE will be taking space on the lobby level. This will become a high-profile, CBRE-branded space for exclusive use of the company’s people, clients and colleagues visiting from other offices.