SJP Properties, PGIM Real Estate Finalize Repositioning of 470 Park Ave. South – Connect CRE

SJP Properties and PGIM Real Estate have completed the outdoor roof terrace at 470 Park Ave. South, marking the conclusion of the boutique office and retail building’s repositioning. The partnership has invested more than $15 million into 470 Park South since acquiring the building in December 2018. 

“These improvements at 470 Park Avenue South, coupled with the building’s accessible location, have created a quintessential destination for employees.,” said Alexander Erdos, SVP – leasing & marketing at SJP Properties. “We have dedicated years to thoughtfully repositioning this property and are pleased to see our efforts come to fruition.” 

Spanning the block between 31st and 32nd streets, 470 Park Ave. South offers approximately 300,000 square feet of office and retail space. The property currently has single, two, and three contiguous full-floor availabilities of approximately 10,000 square feet per floor. CBRE’s Neil King, Paul Amrich, James Ackerson and Josh Pernice handle leasing. 

The original article can be found here