Private Equity Firm Renews at 299 Park Avenue
Lauren Elkies Schram Aug. 7, 2014, 2:31 p.m.
Private equity firm Freeman Spogli & Co. has renewed its lease for another seven years at Fisher Brothers‘ 299 Park Avenue, the building owner announced today.
Freeman Spogli occupies 8,645 square feet on the 20th floor of the 42-story building at 299 Park Avenue, which occupies the full block front between 48th and 49th Streets. The tower encompasses 1.2 million square feet of office space and is over 99 percent leased, according to Fisher Brothers.
“Freeman Spogli has long been a fixture among 299 Park Avenue’s sterling roster of top-tier financial services firms,” said Fisher Brothers Partner Kenneth Fisher in a prepared statement. “Fisher Brothers is thrilled to have the opportunity to extend our relationship into the next decade.”
Freeman Spogli was represented by CBRE‘s Kenneth Rapp and Scott Bogetti in the deal and Fisher Brothers was represented in-house by Marc Packman and Heather Kahn.
Built by Fisher Brothers and designed by Emery Roth & Sons, the 42-story, 1.2-million-square-foot office tower opened in 1967. Originally built over primary tracks serving the New Haven Railroad, it was considered a marvel of modern engineering at the time of its construction.
Financial terms of the lease were not disclosed.