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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.”

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