CBRE tapped to lease 499 Park Avenue

Paul Amrich And 499 Park Avenue
Paul Amrich And 499 Park Avenue

CBRE has been tapped to handle leasing at American Realty Advisors’ 499 Park Avenue, GlobeSt reported.

In May, American Realty paid Hines about $250 million for the 28-story, 303,000-square-foot office tower, located at East 59th Street. A CBRE team of Paul Amrich, Neil King III, Patrice Meagher and James Ackerson will manage leasing for the new owner. Amrich described the building in a release as a “truly iconic property.”

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Built in 1980, the tower is currently 91.8 percent leased, and includes top-tier financial tenants such as Bloomberg, Cantor Fitzgerald and M.Safra & Co.

“We expect that the property’s prime location, timeless architecture, transit accessibility and walkable world-class amenities will continue to attract top-tier tenants,” American Realty executive Kirk Hegelson said in a release. [GlobeSt]  – Hiten Samtani