High-End Sublease on Park Avenue

320 Park Avenue, also known as the Mutual of America Building, is among the most prestigious buildings in the Plaza District. Located between 50th and 51st Streets, 320 Park Avenue has one of the most elite tenant rosters in Manhattan. The asset is currently home to financial giant Mizuho (who recently signed a deal to relocate its headquarters), private equity powerhouse MidOcean Partners, and of course, owner-occupier Mutual of America. Just last week, a unique financial services sublease hit the market on the partial 8th floor. Offered for sublease from Pzena Investment Management, one of the most prominent asset managers in Midtown, this space is unparalleled in both value and location.

With no expense spared, Pzena designed this 4,750 rentable square foot unit to serve as future expansion space. Featuring 5 high-end glass-fronted offices, a grand board room, and 12 trading positions, this space is “plug and play” by every definition. Available for occupancy in January 2019, the sublease term extends through December of 2025. However, Pzena is willing to consider shorter term deals. An incoming subtenant will be able to take advantage of the sublandlord’s existing furniture and wiring, allowing for minimal out-of-pocket expenses.

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