350 Park Avenue and 1221 Avenue of the Americas
Property Sq Ft: 2,686,479
Leased Sq Ft: 316,000
Year Built: 1960/1971
While at Morgan Stanley, MMMermel represented Societe Generale in the acquisition of a headquarters site in Manhattan and provided strategic acquisition advice. MMMermel provided both lease and purchase alternatives to Societe Generale’s Board. The bank chose to pursue a heavily discounted lease at 1221 Avenue of the Americas of 316,000 sq ft instead of closing on the acquisition alternative at 350 Park Avenue, the terms of which had been negotiated by MMMermel.