Tom Barrack’s Colony NorthStar moves next to Trump Tower

Investment firm inked 40K sf lease at 590 Madison

TRD New York /
May.May 03, 2017 09:10 AM

Trump buddy Tom Barrack is moving his company office to the building next to the president’s New York home.

Barack’s real estate investment firm Colony NorthStar signed a 40,000-square-foot lease at 590 Madison Avenue, which is connected to Trump Tower through an atrium, the New York Post reported.

The company emerged from a merger between Colony Capital and NorthStar Realty Finance last year, and both parts currently have separate offices at 712 Fifth Avenue and 399 Park Avenue. The firms will move to Madison Avenue at the end of the year and will occupy all of the 34th and part of the 33rd floor of the building, which is owned by the State Teachers Retirement System of Ohio.

According to the Post, the lease is the first Plaza District deal since 2014 that crosses the 25,000-square-foot and $100-per-square-foot thresholds. JLL represented Colony, while CBRE represented the landlord.

Barrack helped form a super PAC that raised millions for the candidate Trump and later chaired his inauguration committee.  [NYP]Konrad Putzier


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
Placeholder image

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
518 Broadway (Google Maps)

Four years vacant: Landlord offers dire outlook for Soho building

Four years vacant: Landlord offers dire outlook for Soho building
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)

Hotelier Sam Chang’s businesses snagged millions in PPP loans

Hotelier Sam Chang’s businesses snagged millions in PPP loans
Vornado CEO Steven Roth with 1535 Broadway and 220 Central Park South (Getty, VNO, Google Maps)

Vornado sees $100M retail JV loss, $190M in 220 CPS gains

Vornado sees $100M retail JV loss, $190M in 220 CPS gains
New York City council member Margarate Chin, Mayor Bill de Blasio and council member Carlina Rivera (Getty; iStock)

Why the Soho rezoning will pass — and Gowanus, too

Why the Soho rezoning will pass — and Gowanus, too
Gov. Andrew Cuomo (Getty, iStock)

Commercial eviction and foreclosure ban extended until January

Commercial eviction and foreclosure ban extended until January
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...