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Capital Group takes 70,400 sq ft at 345 Park Ave for 10 years

The firm will occupy the full fourth floor at Rudin’s 345 Park Ave, with the planned move-in set for fall 2027 while keeping its current space at 399 Park Ave.

Reported · Written up by our desk · Commercial

Capital Group is expanding its Midtown Manhattan presence, adding a new office at Rudin’s 345 Park Ave. in the Plaza District, according to ConnectCRE.

The asset manager will lease and occupy the entire 70,400-square-foot fourth floor of 345 Park Ave. for 10 years, with a planned move-in during fall 2027, while continuing to operate from its current office space at 399 Park Ave.

Rudin’s Co-CEO Michael Rudin said the building’s prime location, large floor plates, and upcoming amenity enhancements make 345 Park Ave a best-in-class asset as Capital Group grows in the Plaza District.

ConnectCRE also reported that CBRE professionals represented Capital Group in the transaction, while Rudin was represented in-house by Robert Steinman, SVP of office leasing.

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