(New York, NY – December 17, 2012) – The Moinian Group announces the closing of a 22,400 square-foot, long-term lease for Merchant Cash and Capital, a traditional small business loan provider, at 450/460 Park Avenue South. The 12-story, 180,000 square-foot office building located between East 30th and 31st Streets in Manhattan is now fully leased.
Ms. Jovani Rampersad, Commercial Leasing Director for The Moinian Group, negotiated the lease on behalf of the owner, while Ira Rovitz of Newmark Grubb Knight Frank represented the tenant.
The 22,400 square-foot lease at the building represents an expansion and extension for Merchant Cash and Capital. The quickly growing business had taken an extra 6,900 square feet just last year at 450/460 Park Avenue South and will now further expand by 9,000 square feet to become the building’s second largest tenant.
“In a flurry of leasing this year at 450/460 Park Avenue South, we are pleased to announce that the building is now 100 percent leased. Our prime location in a vibrant section of Midtown has attracted a mix of top tenants. Merchant Cash and Capital has been a long-time tenant of ours, and we are fortunate to have been able to accommodate its growing business within the building,” said Ms. Rampersad of The Moinian Group.
Located in the vibrant Midtown South section of Manhattan, 450/460 Park Avenue South features abundant natural light on all floors. Its prime location offers convenient access to both Grand Central Terminal and Penn Station, and is one block away from the #6 subway line. 450/460 Park Avenue South is surrounded by sophisticated hotels such as the Ace, Gansevoort Park, Eventi, and NoMad, and restaurants such as Eleven Madison, Eataly and Shake Shack. Other corporate tenants include Office Links, Merchant Cash and Capital, Mimeo.com and Deep Focus.