Park Avenue Plaza | The Real Deal New York

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Park Avenue Plaza

55 East 52nd Street
New York, NY 10022
(212) 940-6255
Website
Office, Leasing/Rental
Park Avenue Plaza
The Park Avenue Plaza Building is a 575-foot office skyscraper in Midtown, Manhattan. It was built in 1980 by Fisher Brothers and designed by architects at Skidmore, Owings & Merrill in the modernist style. Fisher Brothers sold a 49% stake in the building for $330 million in 2010, a stake which is currently owned by Soho China, who paid over $569 million for it in 2011. The most notable tenants of Park Avenue Plaza include McKinsey & Company, which has a 295,150-square-foot lease in the building. Aon Risk Services takes 272,080-square-feet and Intercontinental Exchange has 93,365-square-feet. Other big names include BlackRock (61,124-square-feet). Formerly, the building held offices of MF Global before it declared bankruptcy in 2011. In total, the building contains 1.2 million square feet.
  • Address 55 East 52nd Street
  • neighborhood Midtown
  • borough Manhattan
  • owner Fisher Brothers
  • owner entity PARK AVENUE PLAZA OWN
  • architect SOM
  • sales/marketing Fisher Brothers, Marc Packman, Jessica Kanfer
  • height in feet 575
  • Year Built 1980
  • square feet 1,064,223
  • block and lot 1-01288-0027
  • BIN 1083869
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Kwok 2
04/23/15
Many in New York associate Chinese real estate companies with limitless funds and a never-ending ability to invest here. But what if they are wrong?...

Laurence-FinkFbox
02/24/15
...Laurence Fink and Park Avenue Plaza at 55 East 52nd Street (Credit: CoStar) The world’s largest...

Anthony Bourdain on the street food trail
01/09/14
...food market in Manhattan 3. Fisher Brothers to redesign, renovate 13,000-square-foot Park Avenue Plaza arcade 4. Bed-Stuy's Interfaith Medical Center goes two days sans heat...

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12/31/13
In some ways, 2013 was a watershed year for the New York City real estate industry, between the half dozen or so office towers that...

From left: 605 Third Avenue, Adam Spies and 1345 Avenue of the Americas
07/17/13
Real estate private equity firm Rockpoint Group is in a hard contract to take a 49.5 percent stake in two Fisher Brothers’ office towers in...

From left
09/14/12
The family-run real estate investment company Fisher Brothers purchased a site adjacent to the American Stock Exchange building  in Lower Manhattan from two investors who...

Sandy Lindenbaum
08/17/12
Samuel “Sandy” Lindenbaum, a counsel at Kramer Levin Naftalis & Frankel and one of the city’s biggest land-use attorneys, died this afternoon in his East...

4
07/18/12
...left: Jon Corzine and 55 East 52nd Street MF Global's former Park Avenue Plaza space at 55 East 52nd Street has been spoken for. Intercontinental...

sloane-final
06/11/12
...instance, Boston-based firm Rockpoint Group sold its 49 percent stage in Park Avenue Plaza at 55 East 52nd Street in a deal valuing the building...

Biggest building purchases of 2011
02/28/12
...landlords. A package comprised of 55 East 42nd Street — also called Park Avenue Plaza — and 49 East 52nd Street traded hands for $569 million last year...

comm-trans-FB
01/09/12
...A package comprised of 55 East 42nd Street -- also called Park Avenue Plaza -- and 49 East 52nd Street also traded hands for $569 million...

Candia-3.jpg
12/07/11
...office towers such as 299 Park, 605 Third Avenue, 1345 Sixth Avenue and Park Avenue Plaza, at 52nd Street. Fisher Brothers is also a partner in...

pap.jpg
10/27/11
...Rockpoint Group announced that it had sold its stake of Park Avenue Plaza at 55 East 42nd Street earlier this month, the company declined...

10/19/10
...Winston Fisher and Park Avenue Plaza The Fisher family, who began developing real estate in 1915, has...
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 62,000
  • Publication Date 05/01/2010
  • Event Date 03/22/2010
  • Party 1 Swiss RE, Fisher Brothers
  • Party 1 Brokerage CBRE, Fisher Brothers
  • Party 1 Broker Gregory Tosko, M. McBride
  • Party 2 MF Global Holdings
  • Party 2 Brokerage JLL
notes
The derivatives brokerage leased the entire 39th and 40th floors for about 11 years. The tenant is subleasing the space from Swiss RE for the first two years of the deal; the remainder of the lease will be a direct deal with landlord Fisher Brothers.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 30,294
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 Aon Service
  • Party 1 Brokerage CBRE
  • Party 2 Fairfield Greenwich Advisors
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Marc Shapses, Jeff Schwartzenberg
notes
The alternative asset management firm inked a long-term sublease and is relocating from 919 Third Avenue.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 150,000
  • Publication Date 02/01/2007
  • Event Date 12/23/2006
  • Party 1 ABN AMRO Bank
  • Party 1 Brokerage JLL
  • Party 1 Broker Frank Doyle, Peter Riguardi
  • Party 2 Blackrock
notes
Blackrock subleased the space from the Dutch financial firm.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,500
  • Publication Date 07/01/2004
  • Event Date 05/22/2004
  • Party 1 Swiss Re
  • Party 2 Evercore Partners
notes
Private investment bank relocates from 65 East 55th and expands

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