Fortress Investment Group Expands in Midtown
By Adrienne Gaffney February 11, 2015 11:16 amreprints
Fortress Investment Group has reupped and expanded its global headquarters at 1345 Avenue of the Americas, a Fisher Brothers-owned property.
First reported by Crain’s New York Business, the company has signed on for another 15 years after its current agreement expires in December 2016, and is adding 44,000 square feet to the lease. Fisher Brothers declined to comment on the asking rent but Crain’s noted that rates at the building are $80 per square foot.
All told, the investment management group will occupy 200,000 square feet on the 23rd, 26th, 45th and 46th floors and a partial space on floor 47.
“Fisher Brothers is thrilled at the opportunity to extend our relationship with Fortress, a dynamic, top-tier financial firm whose [assets under management] has more than doubled over the past five years,” said Fisher Brothers’ Kenneth Fisher in prepared remarks. “All of us at Fisher Brothers and 1345 Avenue of the Americas are proud to be able to accommodate and support Fortress’ continued growth.”
Marc Packman represented Fisher Brothers in-house and Howard Grufferman of Colliers International represented Fortress in the transaction.
This summer, Fortress Investment Group was rumored to be pursuing a purchase of Stuyvesant Town and Peter Cooper Village.