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First Full-Block Office Tower in 50 Years on New York’s Park Avenue Reaches 60% Leased

Investment Firm Wafra Joins Anchor Tenant Citadel
In New York, 425 Park Ave. is 60% leased. (L&L Holding Company)
In New York, 425 Park Ave. is 60% leased. (L&L Holding Company)
CoStar News
July 8, 2021 | 10:36 P.M.

The first full-block tower set to open in 50 years on New York’s corporate headquarters-heavy Park Avenue has added investment firm Wafra Capital Partners, another hopeful sign for owners in the city’s troubled office market.

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