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

arrow_forward_ios
Mayor Bill de Blasio and Gov. Andrew Cuomo (Getty, Paul Dilakian)

Despite looting, NYC reopening on track: Cuomo

Despite looting, NYC reopening on track: Cuomo
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
arrow_forward_ios

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

Loading...