Investment Firm to Relocate to Park Avenue Tower in 2019
Since announcing its renovation plans for the 42-story, 1.2-million-square-foot office tower last year, Fisher Brothers has now secured approximately 230,000 square feet of new leases and renewals at the Plaza District tower.
NEW YORK CITY—The leasing momentum at 299 Park Ave. continues. One William Street Capital Management has signed a nearly 30,000-square-foot lease at Fisher Brothers’ office tower here.
The alternative investment firm is scheduled to move its operations from 1290 Ave. of the Americas to the entire 25th floor (29,754 square feet) of 299 Park Ave. in the spring of 2019.
One William Street Capital was represented by Scott Gottlieb, Andrew Sussman, and Benjamin Friedland of CBRE. Fisher Brothers was represented in-house by Marc S. Packman and Charles P. Laginestra, as well as by David Falk, Peter Shimkin, Andrew Sachs, Eric Cagner and Andrew Peretz of Newmark Knight Frank.
Since announcing its renovation plans for the 42-story, 1.2-million-square-foot office tower last year, Fisher Brothers has secured approximately 230,000 square feet of new leases and renewals at the Plaza District tower, including full floor leases with financial firms GoldPoint Partners, Traxys, B. Riley and Varagon Capital Partners. The Class-A tower, is also home to financial firms Capital One, UBS, Carlyle, and American Securities.
“The capital improvement program at 299 Park Ave. has been designed primarily to bring the prestige of the Plaza District directly into the tower and the reaction to our plans from current and prospective tenants has been overwhelmingly positive,” says Fisher Brothers partner Winston Fisher.
In July, Fisher Brothers reported Goldpoint Partners’ 15-year lease for 29,768 square feet of office space at 299 Park Ave. The private equity firm is leasing the entire 37th floor of the Plaza District tower.