SJP Properties Signs Creative Office Pavilion for Entire 7th Floor at 470 Park Avenue South

NEW YORK CITY – SJP Properties today announced that Creative Office Pavilion, an office furnishings, interior construction, and workspace consulting firm, has signed a 10-year lease for the entire 7th floor of 470 Park Avenue South, totaling 9,936 square feet.

Headquartered in Boston, Creative Office Pavilion has additional showrooms in Burlington, Vermont; Manchester, New Hampshire; Worcester, Massachusetts; Portland, Maine; and Providence, Rhode Island. The company specializes in creating innovative, comfortable workspaces for clients across a variety of industries.

“We took the tenant on a tour through the floor as we were finishing construction and they immediately fell in love with the installation. Creative design companies are exactly the kind of tenant that can utilize our prebuilt floors to their maximum potential,” said Zach Freeman, SVP of SJP Properties. “We know that Creative Office Pavilion will thrive in the Park Avenue South submarket and we’re eager to welcome them into the collaborative ecosystem we’re cultivating at our building.” 

Completed in August, the 7th floor was prebuilt at 470 Park Avenue South and features exposed brick and steel columns, polished concrete flooring, an open pantry, a modern reception area and a glass-front office system. Creative Office Pavilion will use the space for its sales office and showroom, as well as an employee workspace when it begins occupancy in the first quarter of 2020.

“We’re very familiar with the benefits of the neighborhood, including the unparalleled access to transportation and the great dining, fitness and lifestyle brands in that area,” said Patrick Hayes, President of Creative Office Pavilion. “The space is perfect for our needs as both a sales and operations command center and we look forward to bringing our team to this strategically located, amenity-rich office location.”

Creative Office Pavilion’s New York team will have access to the building’s brand new, ground-floor amenity spaces. Dubbed The Club at 470, the spaces were designed by Gensler and will be comprised of three distinct common areas for the building’s tenants: a ground-floor, private outdoor space with fire pits and seating; a social lounge with gaming capabilities; and a coffee bar and cafe.

Paul Amrich of CBRE represented Creative Office Pavilion in the deal, while Freeman and James Ackerson, Neil King, and Dan Wilpon of CBRE represented SJP Properties.

SJP first acquired the 300,000-square-foot, Class A office and retail building from Norges Bank Real Estate Management and TH Real Estate in December 2018. 470 Park Avenue South currently has approximately 40,000 square feet throughout the building available for prospective tenants.

The Park Avenue South neighborhood where 470 Park Avenue South is located encompasses a mix of loft properties and historic buildings and boasts top-of-the-line lifestyle amenities: fitness options such as Equinox and SoulCycle; high-end retailers; upscale residential development; trendy bars and eateries like Upland, Simon and the Whale, and The Clocktower; and boutique hotels like Mondrian Park Avenue, The Edition, The NoMad, Royalton Park Avenue and The James NoMad. The neighborhood facilitates a seamless experience, allowing the modern workforce to travel from the gym to the office to happy hour and back home without sacrificing quality of life for convenience.

With immediate access to the 6 Train underneath the building and just a 10-minute walk from Grand Central Terminal, 470 Park Avenue provides easy access to the 4, 5, 6, 7 and S subway lines and the Metro-North Railroad. It is also a 10-minute walk to Penn Station, with access to the 1, 2, 3, A, C and E subway lines, Amtrak, PATH, LIRR, and NJ Transit railroads.

About SJP Properties

Founded in 1981, SJP Properties is a privately held, vertically integrated real estate company specializing in the development, management and operation of luxury residential and Class A commercial properties in the New York Metropolitan region. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s residential arm is committed to meticulous design, engineering development plans that reflect a keen understanding of market demand. The company has been responsible for the development of numerous award-winning properties, with broad-based expertise that includes ground-up development, redevelopment, repositioning and renovation for highly complex single and multi-phase communities.

SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, as well as world-class architects, consultants and construction firms to ensure precise delivery of properties that incorporate the latest amenities and technology advancements for today’s discerning residents. For more information, please call 212-335-2200 or visit www.sjpproperties.com.