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SJP Properties and PGIM Real Estate have completed the outdoor roof terrace for their office and retail building at 470 Park Ave. South in Manhattan

SJP Properties, PGIM Real Estate Finalize Repositioning of 470 Park Ave. South

SJP Properties and PGIM Real Estate have completed the outdoor roof terrace at 470 Park Ave. South, marking the conclusion of the boutique office and retail building’s repositioning. The partnership has invested more than $15 million into 470 Park South since acquiring the building in December 2018. 

“These improvements at 470 Park Avenue South, coupled with the building’s accessible location, have created a quintessential destination for employees.,” said Alexander Erdos, SVP – leasing & marketing at SJP Properties. “We have dedicated years to thoughtfully repositioning this property and are pleased to see our efforts come to fruition.” 

Spanning the block between 31st and 32nd streets, 470 Park Ave. South offers approximately 300,000 square feet of office and retail space. The property currently has single, two, and three contiguous full-floor availabilities of approximately 10,000 square feet per floor. CBRE’s Neil King, Paul Amrich, James Ackerson and Josh Pernice handle leasing. 

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About Paul Bubny

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).

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