Fisher Brothers announced today that it has named Newmark Grubb Knight Frank (NGKF) as the exclusive leasing agent for 299 Park Avenue, one the firm’s signature Manhattan office towers.
“The Plaza district, and 299 Park Avenue in particular, has long served as the preferred destination for the world’s top-tier firms, and Newmark Grubb Knight Frank was selected based on its impressive track record of leasing campaigns for the city’s most prestigious buildings,” said Fisher Brothers Partner Ken Fisher.
Fisher Brothers Partner Winston Fisher added, “Building upon our ongoing improvements to 299 Park and in conjunction with our in-house leasing team, we are confident that NGKF will help generate a tremendous amount of interest from prospective tenants in a wide range of industries.”
The NGKF team of David Falk, President New York Tri-State Region; Peter Shimkin, Executive Managing Director; Andrew Sachs, Executive Managing Director; Eric Cagner, Senior Managing Director, and Andrew Peretz, Executive Managing Director, will immediately begin marketing over 375,000 rentable square feet of office space across various floors, including blocks of 140,000 rentable square feet in the base and 120,000 rentable square feet at the top of the building.
Designed by Emery Roth & Sons and built by Fisher Brothers, the 42-story, 1.2 million square foot office tower opened in 1967. Occupying the full block front between 48th and 49th Streets, 299 Park is situated along one of the world’s most iconic boulevards and counts such prestigious neighbors as 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 long-time corporate headquarters for the Fisher Brothers organization, 299 Park Avenue is widely regarded as one of the top Class A office buildings in New York City.The building is currently 97 percent leased by a range of world-class companies, including Capital One, UBS, Carlyle, American Securities, GE Capital, and Consulate General of Japan.
About Fisher Brothers
For more than a century, Fisher Brothers has epitomized excellence in commercial and residential real estate development, ownership and management. Fisher Brothers built and continues to own and operate a sterling commercial real estate portfolio encompassing seven million square feet of Class A office space located in such iconic towers as Park Avenue Plaza, 299 Park Avenue, 1345 Avenue of the Americas and 605 Third Avenue in Manhattan, as well as Station Place, which is Washington, DC’s largest private office complex. Fisher Brothers also has returned to its roots as a residential builder with nearly 1.5 million square feet in recent and ongoing development. In early 2015, Fisher Brothers celebrated the completion of Station House, a luxury rental development in Washington’s historic Capitol Hill District. In Manhattan, Fisher Brothers is developing 111 Murray, an ultra-luxury, high-rise condominium tower in Tribeca, and 225 East 39th Street, an amenity-rich rental building that is currently under construction in Murray Hill.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/
