Park Ave. Tower/ photo credit: Real Estate Arts Park Avenue Tower/ photo credit: Real EstateArts

NEW YORK CITY—EQ Office, a real estate portfolio company wholly owned by Blackstone, has leased 57,333 square feet at 65 E. 55th St. to PineBridge Investments for 15 years. The private, global asset manager will occupy the entire fifth, sixth and seventh floors. Standing between 55th and 56th streets, the Park Avenue Tower is in the heart of the Plaza District. Victor Rodriguez, a senior market analyst at CoStar, states that asking rents for Class A buildings in the Plaza submarket are $91 per square foot.

PineBridge was represented by Mitchell Steir, David Goldstein, Matthew Barlow and Nicholas Farmakis of Savills Studley. EQ Office was represented in-house by Scott Silverstein, and by Newmark Knight Frank's Brian Waterman, Jared Horowitz, Ben Shapiro, Brent Ozarowski and Lance Korman.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.