Breaking NewsGlobeSt.com will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-A CBRE team led by vice chairman Paul Amrich will handle leasing at 499 Park Ave. for the boutique office tower’s new ownership, American Realty Advisors. The Plaza District property, which changed hands last week, was formerly owned by Hines US Core Office Fund.

Calling 499 Park “a truly iconic property,” Amrich says in a release that 499 Park’s “prime location on the upper end of Park Avenue melds with the impeccable architecture to create a combination that cannot be replicated. He notes that the 303,000-square-foot office tower marks American Realty Advisors’ first Midtown acquisition on behalf of its clients, “and we look forward to assisting them in continuing to keep this top trophy asset at the forefront of New York’s tenant and brokerage community.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.