EQ Office signs financial services firm to
3-floor spread at Park Avenue Tower

PineBridge Investments will take floors 5 through 7 at 65 East 55th Street

TRD New York /
Feb.February 20, 2019 09:30 AM

Park Avenue Tower at 65 East 55th Street

A financial services firm has signed a three-floor lease at Park Avenue Tower, the 36-story building owned by Blackstone Group subsidiary EQ Office.

PineBridge Investments, a global asset manager, will take 57,000 square feet of space across floors five through seven, according to the New York Post. The firm is moving its headquarters to the building and breaking its lease at Boston Properties’ 399 Park Avenue, where it had not finished its contract.

Newmark represented the landlord in the deal, while Savills Studley represented the tenant.

EQ Office recently finished a $25 million renovation of the 625,000-square-foot building, which started in 2016. The firm bought the tower in 2014 for $750 million.

PineBridge will take the floors above financial services broker-dealer BTIG Partners, which signed a 15-year lease for floors two through four last August. [NYP] — David Jeans

Related Articles


“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark