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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.

    • Event Retail Leasing
    • Address 7 Bell Slip
    • Neighborhood Greenpoint
    • Borough Brooklyn
    • Square feet 1,500
    • Publication Date 07/03/2020
    • Event Date 06/30/2020
    • Party 1 Park Tower Group
    • Party 2 Riverside Market
    • Party 2 Brokerage TerraCRG
    • Party 2 Broker Peter Schubert, Bill Strassman
    notes
    The market signed a lease for the Greenpoint location.
    • Event Retail Leasing
    • Address 7 Bell Slip
    • Neighborhood Greenpoint
    • Borough Brooklyn
    • Square feet 1,000
    • Publication Date 12/27/2019
    • Event Date 12/18/2019
    • Party 1 Park Tower Group
    • Party 2 Eleva
    notes
    The coffee bar signed a lease for the Greenpoint location.
    • Event Retail Leasing
    • Address 7 Bell Slip
    • Neighborhood Greenpoint
    • Borough Brooklyn
    • Square feet 1,000
    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
    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
    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
    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
    • Publication Date 12/01/2010
    • Event Date 10/22/2010
    • Party 1 Park Tower Group
    • Party 1 Brokerage CBRE
    • Party 1 Broker Brian Gell
    • Party 2 Ursamine Credit Advisors
    • Party 2 Brokerage George Comfort & Sons, CBRE
    • Party 2 Broker Giorgio Versea, Laurence Briody
    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
    • Publication Date 12/01/2010
    • Event Date 10/22/2010
    • Party 1 Park Tower Group
    • Party 1 Brokerage CBRE
    • Party 1 Broker Brian Gell, Laurence Briody
    • Party 2 Canaccord Genuity
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Robert Thuss
    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
    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 F LLC
    This property is a new development. The developer(s) filed plans in December of...

    07/27/2018
    The company bought into a pair of development sites at the Park Tower Group project in June and used the loan to finance the deal...
    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
    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 F LLC
    This property is a new development. The developer(s) filed plans in December of...
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