T-Mobile Doubling Space at Murray Hill’s One Park

1 park ave final T Mobile Doubling Space at Murray Hill’s One ParkOne Park Avenue

T-Mobile will double its office space and move to 22,000 square feet at One Park Avenue by the end of the year. One Park is in special servicing, which is a precarious situation, as owner Norman Sturner didn’t miss payments but wanted to restructure payments on an approximately $360 million mortgage.

The phone company, which is currently at 665 Broadway, was lured by a concession package through special servicer Helios AMD.

Andrew Sachs, Andrew Peretz and Bill Levitsky of Cushman & Wakefield represented the tenant. Roxana Girand and Audrey Novoa represented the landlord, Murray Hill, in-house.

The asking rent was in the mid-$30s per square foot. The New York Post had news of the lease on June 15.

 

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