X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Park Ave. Tower/ photo credit: Real Estate Arts Park Avenue Tower/ photo credit: Real Estate Arts

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.

Betsy Kim

Betsy Kim is 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.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.