299 Park Avenue Capital One Secures 250K SF Lease

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A vibrant street view of Park Avenue in New York City showcasing urban life and traffic.
Credit: pexels.com, A vibrant street view of Park Avenue in New York City showcasing urban life and traffic.

Capital One has secured a major lease at 299 Park Avenue, a prominent office building in Midtown Manhattan. The company will occupy 250,000 square feet of space.

This significant deal highlights the building's appeal to top-tier financial institutions. Its prime location and modern amenities make it an attractive choice for businesses looking to establish a strong presence in the area.

The lease is a testament to the building's enduring value and the demand for high-quality office space in Manhattan. Its proximity to Grand Central Terminal and other major transportation hubs adds to its appeal.

Capital One's decision to lease space at 299 Park Avenue demonstrates the building's ability to attract and retain major tenants.

Capital One Lease

Capital One has signed a long-term lease for 250,000 square feet at 299 Park Avenue.

The lease begins immediately and will see Capital One consolidate its Manhattan office locations, including 90 Park Avenue. This move is motivated by the company's desire to operate more efficiently.

Capital One will take space at 299 Park Avenue in phases, starting in the third quarter of 2014, and will serve as the primary New York location for the financial services company.

250K SF Lease Details

Credit: youtube.com, Leasing vs. Buying a Car: The Pros and Cons of Leasing | Capital One

Capital One has signed a long-term lease for 250,000 square feet at 299 Park Avenue.

The lease spans eight mid-rise floors and ground-level retail space, making it a significant move for the financial services company.

Capital One will take space soon to be vacated by UBS, the Zurich-based company that announced plans to move earlier this year.

The move is motivated by Capital One's desire to operate more efficiently by consolidating its Manhattan office locations.

Capital One will take space at 299 Park Avenue in phases, beginning in the third quarter of 2014.

The Fisher Brothers property will serve as the primary New York location for Capital One.

Terms for the lease were not disclosed, but it's clear that the company is committed to making the most of its new space.

The move will see Capital One consolidate its Manhattan office locations, including 90 Park Avenue.

Lease Terms and Conditions

Capital One Lease offers a range of lease terms to suit different needs.

Black and white photo of a high-rise and Capital One Bank in Hoboken, NJ.
Credit: pexels.com, Black and white photo of a high-rise and Capital One Bank in Hoboken, NJ.

You can choose from lease terms ranging from 24 to 60 months.

The minimum monthly payment for a Capital One lease is $199.

Lease payments may vary based on factors such as vehicle make and model, and location.

You'll need to put down an initial payment, which can be as low as $0.

The amount of your down payment will affect your monthly payments and overall lease cost.

Capital One Lease offers a variety of lease options, including lease-to-own and traditional leasing.

Some leases may require a security deposit, which can range from $0 to $1,000.

Lease terms can be customized to fit your budget and lifestyle.

Capital One Lease requires you to return the vehicle at the end of the lease, unless you choose to purchase it.

You'll need to follow a specific return process, which includes a vehicle inspection and any necessary repairs.

Frequently Asked Questions

Who owns 299 Park Avenue?

Fisher Brothers, a real estate investment group, owns and controls 299 Park Avenue. They occupy the top two floors as their headquarters.

Who is the bank behind Capital One?

Capital One is a subsidiary of Capital One Financial Corporation, a U.S.-based bank holding company. Headquartered in McLean, Virginia, the company was founded in 1994.

Matthew McKenzie

Lead Writer

Matthew McKenzie is a seasoned writer with a passion for finance and technology. He has honed his skills in crafting engaging content that educates and informs readers on various topics related to the stock market. Matthew's expertise lies in breaking down complex concepts into easily digestible information, making him a sought-after writer in the finance niche.

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