New York & Tri-State + Downtown New York + Office | February 1, 2019

RFR to Reposition 345 Park South; Entire Space Now Available

For the first time in more than 15 years, RFR is making all 300,000 square feet of office space at 345 Park Ave. South available for lease. Following negotiations with the previous occupant, global marketing agency Digitas, to secure an early lease termination, the entire office portion is now vacant and will be delivered as a fully-modernized redevelopment by mid-2019.

“We have the unique opportunity to customize the full building for users requiring up to 300,000 square feet and seeking to establish a presence in one of Midtown South’s most prominent and well-located addresses,” said Aby Rosen, co-founder and principal of RFR.

RFR’s redevelopment plan modernizes everything but the circa-1913 shell of 345 Park South. The company, which has owned the property since 1992, says a tenant leasing the entire building will also have a branding and signage opportunity at the lobby entrance on Park Avenue South.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).