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MNRK Music leases 7,629 sf at 443 Park Avenue South

The seven-year, seven-month lease takes the full ninth floor, with an asking rent of $48 per square foot, and the company moved in mid-July.

Reported · Written up by our desk · Industry

Independent music company MNRK Music Group has leased 7,629 square feet at the Rosen family’s 443 Park Avenue South office building, Commercial Observer reports. The tenant will occupy the entire ninth floor of the 11-story tower, according to Koeppel Rosen, the leasing and management agent for the Rosen family portfolio.

Commercial Observer says the lease runs for seven years and seven months. Koeppel Rosen’s Max Koeppel handled the deal in-house for the landlord, while Transwestern’s Luke Dillmeier, Patrick Heeg, and Thomas Hines negotiated on behalf of MNRK Music.

The asking rent was $48 per square foot, according to a source familiar with the transaction. Commercial Observer adds that MNRK Music moved into 443 Park Avenue South in mid-July, though it is unclear whether the move reflects a relocation or an expansion.

The outlet notes that MNRK Music currently lists its New York offices at the Trump Organization’s 40 Wall Street and manages a portfolio of labels and acts including Last Gang Records and The Lumineers. Other tenants in the Midtown South building include cloud data firm Ardoq, software firm LMI, and architecture firm David Smotrich & Partners, and the retail component includes Joe Coffee and a Comme Des Garcons storefront.

Latest closeCoffee $312.00 ▼6.3%

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