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SLR Capital Renews, Expands at 500 Park Ave.

JLL completed a 28,165-square-foot lease at 500 Park Ave. in Midtown Manhattan for SLR Capital Partners. A leading commercial finance platform, the tenant renewed its lease on the entire third floor for 19,684 square feet and expanded by 8,481 square feet on the partial sixth floor.

Constructed in 1984, 500 Park is a 40-story tower that features commercial office space on the lower floors and luxury condominiums on the upper floors. The property recently completed a Gensler-designed lobby upgrade.

Ownership was represented by JLL vice chairmen Cynthia Wasserberger and Frank Doyle and AVP Georgina Cook. SLR was represented by JLL vice chairman Rob Martin and SVP Dan Santagata.

“The tenant’s commitment to 500 Park Ave. positively reinforces the importance of the office place as tenants return to work, and it validates New York City’s position as a pivotal place of business for boutique financial service firms,” said Wasserberger.

Photo credit: Epicgenius/Wikipdia.


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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 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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