Fisher Brothers secures huge advisory firm lease at Park Avenue Plaza

Duff & Phelps presently occupies 60K sf in building under sublease with insurer AON

New York /
Sep.September 17, 2018 03:30 PM

Winston Fisher and 55 East 52nd Street (Credit: Fisher Brothers)

Advisory firm Duff & Phelps signed a lease for more than 90,000 square feet at Fisher BrothersPark Avenue Plaza.

The company inked a 16-year deal for 91,000 square feet on the 45-story tower’s 15th, 16th and 17th floors, Crain’s reported.

Duff & Phelps occupies 62,413 square feet of space on a sublease with the insurance firm AON.

“It is always a source of pride when blue-chip firms like Duff & Phelps and Evercore transition from a sublease to a direct, long-term relationship,” Fisher Brothers partner Winston Fisher said in a statement.

Savills Studley brokers Mike Catalano, Greg Taubin and Pete Cento represented Duff & Phelps in the deal.

The deal helps stem the flow of tenants leaving the 1.2 million-square-foot building at 55 East 52nd Street.

BlackRock is relocating from the tower to Hudson Yards, where it inked a deal for 800,000 square feet. And consulting firm McKinsey & Company is moving to 3 World Trade Center.

Earlier this year, financial services firm Evercore signed a lease in the building to expand from the 130,000 square feet it currently occupies to 350,000 square feet. [Crain’s] – Rich Bockmann

 

Related Articles

arrow_forward_ios
Council member Pierina Ana Sanchez and RSA’s Joseph Strasburg (Getty; Twitter)
Citing Bronx fire, Council pushes building violation crackdown
Citing Bronx fire, Council pushes building violation crackdown
SB Development’s Joseph Stern and Northwind’s Ran Eliasaf with rendering of Nova (LinkedIn, NOVA)
SB Development, Hazelton Capital score $62M loan for LIC condo tower
SB Development, Hazelton Capital score $62M loan for LIC condo tower
Illustration of Mayor Eric Adams (Getty; Illustration by Kevin Rebong for The Real Deal)
Oh, rats! Eric Adams contests summons for infestation
Oh, rats! Eric Adams contests summons for infestation
Brookfield's Bruce Flatt with 1100 Newark Turnpike (Loopnet, Brookfield)
Brookfield buys CSX industrial site in Northern New Jersey for $67M
Brookfield buys CSX industrial site in Northern New Jersey for $67M
198 Scholes Street, 65 Kent Avenue, 506 DeKalb Avenue and 11 Gunther Place (Illustration by the Real Deal with Getty, Google Maps)
Avi Philipson deal to acquire All Year portfolio is back on
Avi Philipson deal to acquire All Year portfolio is back on
From left: McSam Hotel Group's Sam Chang and SL Green's Marc Holliday with 711 Seventh Avenue  (Getty, Google Mpas, SL Green)
Times Square hotel developer sues neighbors over delayed demolition
Times Square hotel developer sues neighbors over delayed demolition
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
arrow_forward_ios

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

Loading...