Park Tower Group | The Real Deal New York

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Park Tower Group

499 Park Avenue #27
New York, NY 10022
(212) 355-7570
Website

Park Tower Group is a family-owned real estate developer and manager that also offers property leasing and design consulting services. It was founded in the 1980s after owner George Klein made his first deal selling a small Park Avenue site into an office building. Klein, who has both deep connections in the Republican Party and years of experience in public-private partnerships (including working to develop the Museum of Jewish Heritage), has used his experience to make some large deals in recent years. Although some of those plans have not panned out, such as a bid to develop office space above the Port Authority Bus Terminal in 1998, Park Tower has landed a huge deal in Brooklyn, collaborating with Brookfield Property Partners to build two high-rise rental buildings in a planned community in the up-and-coming Greenpoint neighborhood. The so-called Greenpoint Landing site is expected to be completed in 2019 and will also reportedly include 1,400 units of affordable housing in addition to the 5,550 market-rate apartments. The plan began in 2005 when the site was rezoned, and Park Tower spent years planning the development.


10/15/18
...firm also went into a joint venture with Park Tower Group at Brooklyn’s Greenpoint Landing and, in a commercial investment, struck a 99-year lease...

09/13/18
...And the firm is also partnering with the Park Tower Group at Brooklyn’s Greenpoint Landing on four residential buildings at a projected cost of...

09/06/18
...of space. The company is partnering with the Park Tower Group at Greenpoint Landing in Brooklyn and struck a deal with Kushner Companies at 666 Fifth...

...And the firm is also partnering with the Park Tower Group at Brooklyn’s Greenpoint Landing on four residential buildings at a projected cost of...

07/27/18
...into a pair of development sites at the Park Tower Group project in June and used the loan to finance the deal. Brookfield and Park...

07/20/18
...buildings at the massive Greenpoint Landing site with Park Tower Group. “We’ll double the scale of that multifamily business in short order.” -Ben Brown...

06/12/18
...the lawn. Greenpoint Landing Associates, an affiliate of Park Tower Group and L+M Development Partners, is planning to build a waterfront park spanning 20,000 square...

06/05/18
...p.m.: Brookfield Property Partners bought into two Park Tower Group development sites at Greenpoint Landing, records filed with the city Tuesday show. With Park...

05/29/18
...massive Greenpoint Landing site in Brooklyn with the Park Tower Group...

05/24/18
...York. The Toronto-based firm, in partnership with the Park Tower Group, announced plans on Thursday for two more buildings at Greenpoint Landing with a total...

01/02/18
...October. Overall, the complex from Brookfield and the Park Tower Group will span 11 buildings, 5,500 residential units and 22 acres. The 37 Commercial Street building is the first...

11/15/17
...massive Greenpoint Landing project in Brooklyn with the Park Tower Group. The Canadian lender provided the financing for 37 Commercial Street (also known as 37 Blue Slip...

06/20/17
...Northwestern earlier this year lent $160 million on the Park Tower Group’s 36-story office building at 535 Madison Avenue. Toll Brothers had secured a spot rezoning...

05/03/17
...refinancing! - $160 million Northwestern Mutual Life Insurance refinanced Park Tower Group’s 535 Madison Avenue office building with a $160 million loan. The financing consolidates a new...

03/02/17
...Madison Avenue (Credit: 535mad) Park Tower Group locked down $160 million to refinance its office building on Madison Avenue in Midtown's Plaza...

03/01/17
...at City Hall. Extell Development's Gary Barnett and Park Tower Group...

02/16/17
...company will relocate its media-sales office from the Park Tower Group’s 535 Madison to Paramount Group’s 1633 Broadway, where it has a lease out for...

11/21/16
...of which will be affordable, to the area. Park Tower Group and L + M Development are in the process of developing three of the buildings...

07/06/16
...sits just south of Greenpoint Landing, where the Park Tower Group plans to construct 10 buildings on a 22-acre campus with 5,500 new apartments, 1,400 of which will...

04/19/16
...the right to build two new structures at Park Tower Group...

02/10/16
...work is already under way at Greenpoint Landing, Park Tower Group and L&M Development’s mixed-use project that will bring 5,000 apartments to the...

02/01/16
...to-date. John C. Klein, of Greenpoint Landing co-developer Park Tower Group, also donated $50,000 in the second half of 2015, and has dished out $175,000 to-date. Eastdil Secured...

...deal ultimately left L+M and its partner Park Tower Group with fewer subsidies, Moelis acknowledged that the city has a responsibility to get the...

...Avenue, donated $50,000 through an LLC in April 2015. And Park Tower Group, which is partnering with L+M Development on Greenpoint Landing, a megaproject in Brooklyn...

01/02/16
...designing all three buildings, and the developers are Park Tower Group and L+M Development. - TRD...
  • Event Retail Leasing
  • Address 7 Bell Slip
  • Neighborhood Greenpoint
  • Borough Brooklyn
  • Square feet 1,000
  • Publication Date 08/27/2018
  • Event Date 08/20/2018
  • Party 1 Park Tower Group, Brookfield Property Partners
  • Party 2 Malai, Fleur Elise Bkln
notes
The flower and ice cream pop-up inked a 2-month lease for the Greenpoint location.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 29,530
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 Park Tower Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Laurence Briody, Brian Gell
  • Party 2 Monarch Alternative Capital
  • Party 2 Brokerage Newmark Knight Frank, Cushman & Wakefield
  • Party 2 Broker Neil Goldmacher, Arthur Draznin
notes
The financial firm signed a lease for the Plaza District space.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 14,765
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 Park Tower Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Laurence Briody, Brian Gell
  • Party 2 Melvin Capital Management
  • Party 2 Brokerage CBRE
  • Party 2 Broker Paul Amrich, Neil King
notes
The financial firm inked a lease for the Plaza District space.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 14,765
  • Publication Date 08/13/2018
  • Event Date 08/08/2018
  • Party 1 Park Tower Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Laurence Briody, Brian Gell
  • Party 2 Bain Capital
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Brian Goldman, Matthew Lorberbaum
notes
The financial firm inked a lease for the Plaza District space.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 15,000
  • Price per foot $ 110.00
notes
The private equity firm signed a lease to relocate to the Plaza District space.
  • Event Sales
  • Address 5 Greenpoint Landing
  • Neighborhood Greenpoint
  • Borough Brooklyn
  • Square feet 98,506
  • Price $ 148,000,000
  • Publication Date 06/11/2018
  • Event Date 06/05/2018
  • Party 1 Park Tower Group
  • Party 2 Brookfield Properties
notes
The investor sold its stake in the Greenpoint property for $146 million.
  • Event Financing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 444,293
  • Price $ 160,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Park Tower Group
  • Party 2 Northwestern Mutual Life Insurance
notes
The company refinanced its debt with a $160 million loan.
  • Event Retail Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,100
  • Publication Date 10/01/2011
  • Event Date 08/22/2011
  • Party 1 Park Tower Group
  • Party 2 IWC Shaffhausen
notes
The Swiss watchmaker signed a 10-year lease for multilevel space.
  • Event Retail Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,610
  • Publication Date 12/01/2010
  • Event Date 10/22/2010
  • Party 1 Park Tower Group
  • Party 1 Brokerage In-house
  • Party 2 Bric's
notes
The luggage retailer signed a lease renewal.
  • Event Retail Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 975
  • Publication Date 12/01/2010
  • Event Date 10/22/2010
  • Party 1 Park Tower Group
  • Party 1 Brokerage In-house
  • Party 2 Links of London
  • Party 2 Brokerage CBRE
  • Party 2 Broker Annette Healey
notes
The jewelry and accessories retailer renewed its lease.
  • Event Retail Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,133
  • Publication Date 12/01/2010
  • Event Date 10/22/2010
  • Party 1 Park Tower Group
  • Party 1 Brokerage In-house
  • Party 2 Bauman Rare Books
  • Party 2 Brokerage CBRE
  • Party 2 Broker Andrew Goldberg
notes
The rare books retailer signed a lease renewal.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 28,750
  • Publication Date 12/01/2010
  • Event Date 10/22/2010
  • Party 1 Park Tower Group
  • Party 1 Brokerage In-house
  • Party 2 Morgan Keegan
  • Party 2 Brokerage Savills Studley, Newmark Grubb Knight Frank
  • Party 2 Broker Michael Barlow, Brian Goldman
notes
The investment company signed a 10-year lease renewal and expansion for the entire ninth and 10th floors.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,222
notes
The materials and machinery producer signed a 10-year lease renewal on the fifth floor.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,113
notes
The financial planning firm signed a 1.5-year lease renewal on the 33rd floor.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 11,889
notes
The financial services firm inked a 12-year expansion lease on the third floor.
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 6,207
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Park Tower Group
  • Party 1 Brokerage CBRE
  • Party 1 Broker Brian Gell, Stephen Eynon
  • Party 2 ABG Sundal Collier
  • Party 2 Brokerage Williamson Picket Gross
  • Party 2 Broker Will Carr
notes
Investment bank renews part of 17th floor
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 14,371
notes
Private equity firm renews entire 28th floor
  • Event Office Leasing
  • Address 535 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 13,819
notes
Investment bank renews entire 19th floor
Brooklyn, 11222
GREENPOINT LANDING AS
179 West Street is a 15,900 square foot property built in 1931 in...
Brooklyn, 11222
GREENPOINT LANDING AS
171 West Street is a 26,470 square foot property built in 1931 in...
Brooklyn, 11222
Park Tower Group, BOP GREENPOINT G LLC
37 Blue Slip is a 292,408 square foot property in the Greenpoint neighborhood...
Brooklyn, 11222
Park Tower Group, BOP GREENPOINT F LLC
41 Blue Slip is a 378,868 square foot property in the Greenpoint neighborhood...
Manhattan, 10129
7E HOLDINGS LLC
...
Brooklyn, 11222
PARK TOWER GROUP, F2 OWNER, LLC
5 Blue Slip is a 98,506 square foot building in the Greenpoint neighborhood...
Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
21 Commercial Street is an 85,033 square foot building in the Greenpoint neighborhood...
Brooklyn, 11222
PARK TOWER GROUP, BOP GREENPOINT F LLC
This property is a new development. The developer(s) filed plans in December of...
Brooklyn, 11222
PARK TOWER GROUP, BOP GREENPOINT G LLC
This property is a new development. The developer(s) filed plans in September of...
Brooklyn, 11222
Park Tower Group, BOP GREENPOINT G LLC
37 Blue Slip is a 292,408 square foot property in the Greenpoint neighborhood...
Brooklyn, 11222
Park Tower Group, BOP GREENPOINT F LLC
41 Blue Slip is a 378,868 square foot property in the Greenpoint neighborhood...
Brooklyn, 11222
L+M Development Partners, GREENPOINT LANDING ASSOC LLC
21 Commercial Street is an 85,033 square foot building in the Greenpoint neighborhood...
Brooklyn, 11222
PARK TOWER GROUP, BOP GREENPOINT F LLC
This property is a new development. The developer(s) filed plans in December of...
Brooklyn, 11222
PARK TOWER GROUP, BOP GREENPOINT G LLC
This property is a new development. The developer(s) filed plans in September of...