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Deals & Dealmakers

Fisher Brothers leases 100,000 s/f at 299 Park

Fisher Brothers announced four leases at 299 Park Avenue totaling more than 100,000 square feet.

Kelso & Company LP, Crescent Capital Group LP, The Lightstone Group, and Lincoln International LLC have all signed leases at the midtown property.

Private equity firm Kelso will move into 29,812 s/f on the 30th floor. Crescent Capital Group a global alternative asset management firm will occupy 29,733 s/f on the 33rd floor. The Lightstone Group, one of the largest and most diversified privately held real estate companies in the United States, will occupy 20,055 s/f on the 34th floor. Lincoln International LLC, a multinational investment banking and advisory firm and current tenant at 299 Park Ave, will add another floor to their lease to occupy a total of 56,656 s/f on the 6th and 7th floors. 

“We look forward to welcoming Kelso & Company, Crescent Capital Group, and The Lightstone Group to 299 Park Avenue, and to have our existing tenant Lincoln International grow with us,” said Ken Fisher, Partner at Fisher Brothers. “As New York City continues to recover and we welcome our tenant workforce back to the office, our multi-year commitment to enhancing our assets with investments in amenities, health & safety and infrastructure upgrades has led to extraordinary leasing activity.”

Last year, Fisher Brothers completed a $20 million capital improvement at 299 Park Avenue that transformed the interior of the lobby space and exterior facade and upgraded the building’s elevators. In partnership with the Rockwell Group, Fisher Brothers created a grand, bright and inviting interior with hotel-like design, quality and finishes. The renovations and upgrades to the lobby boast several design features that culminate to create a luxury hospitality feel, including blackened stainless-steel trims and accents, Italian marble flooring, and soft up lighting in the base. Furthermore, the entire renovation centers around a large-scale, dynamic digital art display. Created by LAB at Rockwell Group, the 60-foot-long LED art installation Living Canvas brings an ever-evolving cinematic art experience to Park Avenue. 

Marc Packman, Head of Leasing, and Clark Briffel, Senior Director of Leasing at Fisher Brothers led negotiations with Crescent Capital Group LP, the Lightstone Group, and Lincoln International LLC on behalf of Fisher Brothers, along with David Falk, Peter Shimkin, Andy Sachs and Eric Cagner from Newmark. Mark Weiss from C&W represented Lincoln International LLC. Crescent Capital Group LP was represented by Dan Horowitz and Jeff Peck from Savills. The Lightstone Group was represented by Barry Zeller, Jonathan Serko and Barry Garfinkle from C&W. 

Marc Packman and Charles Laginestra, Director of Leasing at Fisher Brothers, led negotiations with Kelso & Company with David Falk, Peter Shimkin, Andy Sachs and Eric Cagner from Newmark. Kelso & Company was represented by David Hollander, Chris Corrinet & David Kleinhandler from CBRE.

Earlier this quarter at 299 Park Avenue, Northleaf Capital more than doubled its 5,000 s/f footprint, expanding by 7,200 s/f. Fisher Brothers also recently announced three new leases totaling nearly 64,000 s/f atAvenue of the Americas. Man Investments Holdings, The ELMA Philanthropies, and Aegis Capital Holdings have signed partial-floor leases at the newly-renovated Midtown Manhattan tower.

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