{"id":36551,"date":"2023-07-13T09:55:36","date_gmt":"2023-07-13T06:55:36","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=36551"},"modified":"2025-03-25T16:08:45","modified_gmt":"2025-03-25T13:08:45","slug":"affinius-capital-277-park-move","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/affinius-capital-277-park-move\/","title":{"rendered":"Affinius Capital Moves Offices to 277 Park Ave."},"content":{"rendered":"

Affinius Capital \u2014 formerly known as Square Mile Capital \u2014 has signed a deal to move its New York operations to 277 Park Ave. The company \u2014 which provides debt to commercial real estate projects \u2014 is currently located at 350 Park Ave., only a few blocks south of its new premises.<\/p>\n

The 12-year lease agreement is for 24,394 square feet of office space on the entire 39th floor of the building, which is currently owned by The Stahl Organization. Asking rent was $115 per square foot<\/a>.<\/p>\n

Mark Boisi and Bryan Boisi of Cushman & Wakefield represented the landlord, while Peter Shimkin and David Falk of Newmark negotiated on behalf of the tenant.<\/p>\n

Located between East 47th and 48th streets, 277 Park was originally built by Emery Roth & Sons in the early 1960s as the home of Chemical Bank. The 1.27-million-square-foot building recently underwent a massive, $120 million renovation<\/a> in an effort to position itself as an attractive destination for top tenants. Improvements include a\u00a0redesigned Lexington Avenue lobby; a new entrance and a Park Avenue lobby with a 30-foot ceiling; a\u00a0high-end tenants\u2019 fitness center\u00a0on the ground floor; and\u00a0new restaurants\u00a0from renowned chef David Burke.<\/p>\n

The property\u2019s tenant roster includes the likes of M&T Bank (which also relocated from 350 Park Ave. to occupy the 24th<\/sup> through 27th<\/sup> floors at 277 Park Ave.); Intermediate Capital Group; National Australia Bank; VISA; and Chase.<\/p>\n

Affinus has not yet disclosed its plans for the office space it still holds at 350 Park Ave. However, Vornado Realty Trust is working with designer firm Foster + Partners to redevelop the building into a 1.7-million-square-foot commercial property.<\/p>\n

Need a reliable and up-to-date listings platform that grants you access to the most sought-after office and coworking solutions in major cities across the U.S.? Visit\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0and sort properties by location, size or price to find the best fit for your business:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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Affinius Capital \u2014 formerly known as Square Mile Capital \u2014 has signed a deal to move its New York operations to 277 Park Ave. The company \u2014 which provides debt to commercial real estate projects \u2014 is currently located at 350 Park Ave., only a few blocks south of its new premises. The 12-year lease…<\/p>\n","protected":false},"author":56,"featured_media":36553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,39],"tags":[],"class_list":["post-36551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nAffinius Capital Moves Offices to 277 Park Ave. - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Affinius Capital has signed a deal to move its operations to 277 Park Ave. The company is currently located at 350 Park Ave...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/affinius-capital-277-park-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Affinius Capital Moves Offices to 277 Park Ave.\" \/>\n<meta property=\"og:description\" content=\"Affinius Capital has signed a deal to move its operations to 277 Park Ave. The company is currently located at 350 Park Ave...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/affinius-capital-277-park-move\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-13T06:55:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:08:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2023\/07\/park-avenue-street-sign.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1980\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/affinius-capital-277-park-move\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/affinius-capital-277-park-move\/\",\"name\":\"Affinius Capital Moves Offices to 277 Park Ave. - 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