New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Colgate-Palmolive Consolidates Space at Namesake Tower
Colgate-Palmolive Company has restructured and extended its 241,657-square-foot headquarters lease at Tishman Speyer’s 300 Park Ave., known as the Colgate-Palmolive Building. The property’s anchor tenant is lowering its occupancy cost and consolidating its space onto six floors from a prior total of about 312,000 square feet.
CBRE’s Mary Ann Tighe, Mike Geoghegan, Ken Meyerson and Ariel Ball negotiated the lease restructure and extension, on behalf of Colgate-Palmolive. Tishman Speyer was represented in-house.
“As one of the world’s most prestigious consumer brands, Colgate-Palmolive realized that 300 Park affords the global giant the most flexibility and continuity as possible,” said Tighe. “The restructure and extension of its headquarters lease at 300 Park Avenue also reaffirms its commitment to Midtown Manhattan and the New York City business community.”
Crain’s New York Business reported that Tishman Speyer scrapped plans to redevelop 300 Park in favor of keeping the property’s anchor tenant.
For comments, questions or concerns, please contact Paul Bubny
