Park Avenue Plaza | TRD Research
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Park Avenue Plaza

55 East 52nd Street
New York, NY 10022
(212) 940-6255
Website
Office, Leasing/Rental

The Park Avenue Plaza Building is a 575-foot office skyscraper in Midtown, Manhattan. It was built in 1980 by Fisher Brothers and designed by architects at Skidmore, Owings & Merrill in the modernist style. Fisher Brothers sold a 49% stake in the building for $330 million in 2010, a stake which is currently owned by Soho China, who paid over $569 million for it in 2011.
The most notable tenants of Park Avenue Plaza include McKinsey & Company, which has a 295,150-square-foot lease in the building. Aon Risk Services takes 272,080-square-feet and Intercontinental Exchange has 93,365-square-feet. Other big names include BlackRock (61,124-square-feet). Formerly, the building held offices of MF Global before it declared bankruptcy in 2011. In total, the building contains 1.2 million square feet.

  • Address 55 East 52nd Street
  • neighborhood Midtown
  • borough Manhattan
  • owner Fisher Brothers
  • owner entity PARK AVENUE PLAZA OWN
  • architect SOM
  • sales/marketing Fisher Brothers, Marc Packman, Jessica Kanfer
  • height in feet 575
  • Year Built 1980
  • square feet 1,064,223
  • block and lot 1-01288-0027
  • BIN 1083869
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 91,019
notes
The financial advisor signed a 16-year lease for the Plaza District building.
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 350,000
notes
The investment firm inked a deal to renew and expand its lease at the Plaza District property.
  • Event Office Leasing
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,000
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 62,000
notes
The derivatives brokerage leased the entire 39th and 40th floors for about 11 years. The tenant is subleasing the space from Swiss RE for the first two years of the deal; the remainder of the lease will be a direct deal with landlord Fisher Brothers.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 30,294
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 Aon Service
  • Party 1 Brokerage CBRE
  • Party 2 Fairfield Greenwich Advisors
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Marc Shapses, Jeff Schwartzenberg
notes
The alternative asset management firm inked a long-term sublease and is relocating from 919 Third Avenue.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 150,000
notes
Blackrock subleased the space from the Dutch financial firm.
  • Event Office Leasing
  • Building Name Park Avenue Plaza
  • Address 55 East 52nd Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 31,500
  • Publication Date 07/01/2004
  • Event Date 05/22/2004
  • Party 1 Swiss Re
  • Party 2 Evercore Partners
notes
Private investment bank relocates from 65 East 55th and expands

03/01/2015
In addition, over the past two years, Soho China spent $1.9 billion, including $700 million for a stake in the GM building and $600 million for a stake in Park Avenue Plaza...

09/01/2012
The firm took floors 39, 40 and 41 in the Park Avenue Plaza building in the space formerly occupied by the bankrupt MF Global, once led by former New Jersey Governor Jon Corzine...

12/10/2010
Indeed, 11 deals above $100 million have closed or are under contract so far this year, compared with just three such deals last year, said Helen Hwang, an executive vice president in the New York Capital Markets Group at Cushman. Thor Equities' July deal for the Takashimaya Building at 693 Fifth Avenue for $142 million, and Rockpoint Group's purchase of a nearly 50 percent stake in Park Avenue Plaza on East 52nd Street for $335 million, are two major examples...