450 Park Avenue is a 32-story, 325,000 square-foot, Class A office tower located at the southwest corner of 57th Street and Park Avenue in the heart of the Plaza District in Midtown Manhattan. An architecturally striking black box with spectacular Central Park views, the building is distinguished as the home of a high-quality tenant roster that includes leading financial and professional service firms attracted to the building’s prestigious address and first-class amenities.
Taconic acquired the property in June 2002 and completely renovated the lobby, upgraded passenger and freight elevators, redecorated public corridors and restrooms, and upgraded building systems. The capital improvement program, combined with a successful leasing campaign, enhanced 450 Park Avenue’s position in the market and attracted and maintained an array of distinguished tenants. At the time of the building’s disposition in 2007, it set the record for an office building sale on a per-square-foot basis.