Capital Group Leases 70,400 SF for New NYC Office at Rudin’s 345 Park Avenue

Global investment management firm Capital Group has signed a 10-year lease for 70,400 square feet at Rudin’s 345 Park Avenue in Midtown, New York City. This expansion marks the firm's second office in the city, with the new space on the fourth floor expected to open in Fall 2027. The deal is part of a significant $38 million investment by Capital Group, projected to create 200 new jobs in New York over the next five years. Governor Kathy Hochul is anticipated to announce the state's support for this investment. Capital Group, headquartered in Los Angeles, aims to establish new client coastal hubs in both Los Angeles and New York, expanding its sales force by hiring 130 new roles. The 44-story 345 Park Avenue is now fully leased, underscoring the continued demand for prime office assets in the Plaza District. This transaction highlights ongoing corporate growth and the strategic importance of New York City as a financial hub for major investment firms.