Fisher Brothers announced that it has signed a new 28,045 s/f lease with global investment management firm Bardin Hill Investment Partners at 299 Park Avenue, one of the firm’s signature Midtown Manhattan office towers.
Founded in 1981, Bardin Hill specializes in credit strategies and event-driven equities, and currently manages approximately $10 billion in assets from its offices in New York, London and Luxembourg.
Under the 12-year lease, the firm will occupy the entire 24th floor of the tower beginning in November 2019 in a relocation from 477 Madison Avenue.
“299 Park Avenue’s unique blend of efficient floor plates, progressive design, upcoming renovation plans and prestigious Plaza District address proved to be the perfect fit for Bardin Hill,” said Fisher Brothers partner Winston Fisher. “We are pleased to welcome the firm to our esteemed tenant roster.”
Fisher Brothers is set to initiate a major capital improvement program at the iconic Plaza District tower in the coming months.
The project, designed by David Rockwell and the Rockwell Group, will include a reimagined lobby with a high-end design and more open feel; a transformation of the entrance that will allow natural light to fill the lobby; and an illuminated plaza backed by a new exterior lighting system.
Since announcing renovation plans for 299 Park Avenue, Fisher Brothers has secured 258,000 s/f of new leases and renewals, including full floor leases with leading financial firms One William Street Capital, GoldPoint Partners, Traxys, B. Riley and Varagon Capital Partners.
The Class-A tower is also home to blue-chip financial firms Capital One, UBS, Carlyle and American securities.
Chris Corrinet and Neil King of CBRE represented Bardin Hill in the transaction. Fisher Brothers was represented in-house by Marc Packman and Clark Briffel, as well as by Peter Shimkin, Andrew Sachs, Eric Cagner and David Falk of Newmark Knight Frank.
Designed by Emery Roth & Sons and built by Fisher Brothers, 299 Park Avenue is a 42-story, 1.2 million square foot office tower which opened in 1967.
Occupying the full block front between 48th and 49th Streets, 299 Park’s neighbors include the Waldorf-Astoria and Grand Central Terminal.
Originally built over primary tracks serving the New Haven Railroad, it was considered a marvel of modern engineering at the time of its construction.
The property is the long-time corporate headquarters for the Fisher Brothers organization.