B.R. Fries Completes Work on Pandora’s New 52 K Sq. Ft. Headquarters in Manhattan
- Jul 18, 2014
Pandora Media, an internet radio and music streaming company based in Oakland, Calif., has a new home on the East Coast.
In June 2013 the internet music provider signed a 10-year lease for 52,500 square feet of prime office space at a rate of $65 per square foot at 125 Park Avenue in the pricey Midtown Manhattan, The Real Deal reported. The transaction was brokered by CBRE which acted on behalf of Pandora, while SL Green—the building’s owner—was represented by Newmark Grubb Knight Frank, the new source noted.
Located between East 41st and 42nd streets and directly across from Grand Central Terminal, the 26-story tower encompasses nearly 573,000 square feet of space and is one of the most ideally located office buildings in the area. Once known as the Pershing Square Building, the structure was designed by York & Sawyer architects and completed in 1923.
According to an official statement, construction solutions provider B.R. Fries & Associates has recently completed the build-out for Pandora’s new corporate offices which will accommodate 300 employees. The internet company will occupy the entire 19th and 20th floors at 125 Park Avenue. Designed by ABA Studio / Andrew Bartle Architects and WG Project Management on behalf of SL Green, the interconnected floors were rebuilt to support Pandora’s extensive audio-visual systems and live music performances. The finished project includes office space, private meeting rooms that reflect new workplace trends and preferences for social interaction that is specific to internet companies, multiple spaces for live music performances, a double-height atrium, as well as high-end finishes, glass partitions and wood millwork.
Click here for more market data on New York City.
Images courtesy of SL Green and B.R. Fries & Associates