**Ferrari Lease Brings 425 Park Avenue to Full Occupancy**
L&L Holding Company has announced that 425 Park Avenue has reached full occupancy following the lease of its final available space. Ferrari North America Inc. has signed a 10-year lease for a bi-level, 7,629-square-foot retail space in the Plaza District tower, where it plans to open a flagship showroom.
With this agreement, the newly constructed 425 Park is now 100% leased across both its office and retail components.
“From its grand Park Avenue streetscape to the ornamental fins that pierce the Manhattan skyline, 425 Park represents the very best that New York and the Plaza District have to offer,” said David Levinson, Chairman and CEO of L&L Holding Company. “Our agreement with Ferrari is a crowning achievement for L&L Holding and all our project partners. We set out to create a tower that would appeal to the world’s most esteemed companies and brands, and that is exactly what we have accomplished.”
L&L Holding was represented in-house by Jonathan Tootell, Tanya Grimaldo, and Giannina Brancato. Ferrari was represented by Patrick Smith of JLL and Frank Recine of Accordia.
This latest lease marks a milestone for 425 Park Avenue, underscoring its appeal to premier global tenants and reinforcing its position as a landmark destination in Midtown Manhattan.
