UBS Building | The Real Deal New York

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UBS Building

299 Park Avenue
New York, NY 10017
Office, Leasing/Rental

The UBS Building at 299 Park Avenue is 574-foot office skyscraper in Midtown, Manhattan. It was fisher brothers topicbuilt in 1965 by the Fisher Brothers and was designed by Emery Roth & Sons. It was previously known as the Westvaco Building. In 2011, Alaska permanent Fund bought a 49.5 percent stake in the building for $623.7 million, or about $1,075-per-square-foot. Fisher Brothers, however, remains the majority owner and operator of the building. Namesake UBS signed a 465,585-square-foot lease renewal in the building in 2000, but in recent years has made as much of 75% of that available for sublease as part of consolidation effort. Since that time Capital One Bank has moved into 217,241-square-feet of former UBS space. Other notable leases include Cerberus Capital Management (107,199-square-feet), GE Capital (105,524-square-feet), and the Consulate General of Japan (57,286-square-feet).

  • Address 299 Park Avenue
  • neighborhood Midtown
  • borough Manhattan
  • owner Fisher Brothers
  • owner entity FISHER PARK LANE OWNE
  • architect Emery Roth & Sons
  • height in feet 574
  • floors 42
  • Year Built 1966
  • square feet 1,039,281
  • block and lot 1-01303-0001
  • BIN 1036223

03/02/19
...it. If you were to remove the former UBS building that alone would probably bring you down five percentage points or more. Add in...

...it. If you were to remove the former UBS building that alone would probably bring you down five percentage points or more. Add in...

02/06/19
...Berkshire Hathaway HomeServices in 2017. Properties like the former UBS building on Washington Avenue and a 15-story facility at Gateway Harbor Point reaped the benefits...

02/06/19
...Berkshire Hathaway HomeServices in 2017. Properties like the former UBS building on Washington Avenue and a 15-story facility at Gateway Harbor Point reaped the benefits...

07/18/18
...remain strong.” KPMG LLP leases space at former UBS building in Stamford KPMG LLP is moving its Stamford offices to a new building and...

07/18/18
KPMG LLP is moving its Stamford offices to a new building and adding 110 jobs in the process, the Stamford Advocate reported. The advisory firm...

...large as the which one vacated in the UBS building. Typically, leases are running 25,000, 50,000 and maybe 100,000 square feet, said Joseph McGee, vice president of...

...The UBS building in Stamford, which once housed one of the world’s largest trading floors. The...
  • Event Office Leasing
  • Address 299 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 120,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Fisher Brothers
  • Party 2 UBS AG
notes
The Swiss global financial services company signed a 13 year lease.
  • Event Office Leasing
  • Address 299 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 12,000
notes
The law firm signed a lease.
  • Event Office Leasing
  • Address 299 Park Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 28,326
notes
The oil shipping company signed a full-floor, five-year lease.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 112,000
  • Price per foot $ 50.00
  • Publication Date 01/01/2013
  • Event Date 11/22/2012
  • Party 1 Cerberus Capital Management
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker David Falk
  • Party 2 Aon
  • Party 2 Brokerage CBRE
  • Party 2 Broker John Nugent
notes
The insurance firm signed a sublease for the 14th, 21st, 22nd and 23rd floors, Crain's reported.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 44,432
notes
The investment banking firm subleased the entire ninth floor and most of the eighth floor, and signed a direct lease with the landlord that extends the term past 10 years.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 28,000
notes
The electronic trading platform operator signed a new 8.5-year sublease with sublandlord UBS and a four-year direct extension with building owner Fisher Brothers. MarketAxess plans to relocate next year from 140 Broadway, where the company occupies 25,000 square feet.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 57,286
  • Price per foot $ 70.00
notes
The consulate signed a lease renewal for 10 years for the entire 18th and 19th floors. The tenant has been in the building for 25 years.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 26,997
  • Publication Date 01/01/2006
  • Event Date 11/22/2005
  • Party 2 Cerberus Capital Management L.P.
  • Party 2 Brokerage CBRE
  • Party 2 Broker Stephen Siegel, Rob Martin
notes
CBRE's Matthew McBride represented Danske Bank in the disposition of the 14th floor space. The 15-year lease expires in 2018.
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 105,000
notes
Sublease until 2018; consolidates locations
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 8,250
  • Publication Date 03/01/2005
  • Event Date 01/20/2005
  • Party 1 Fisher Brothers
  • Party 1 Brokerage In-house
  • Party 2 Freeman Spogli and Company
  • Party 2 Brokerage CBRE
  • Party 2 Broker Jordan Mandel, Kenneth Rapp
notes
Investment firm expands in move from 599 Lex
  • Event Office Leasing
  • Building Name UBS/Warburg Building
  • Address 299 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 26,000
notes
Investment firm, a top underwriter of IPOs, upgrades office space from 555 Madison Ave