Infrastructure Fund Manager Nearly Doubles Midtown Digs
By Nicholas Rizzi September 11, 2019 2:54 pmreprints
Global Infrastructure Partners, a private equity firm focused on infrastructure companies, inked a deal to nearly double its Midtown offices, Commercial Observer has learned.
The investor signed a deal to keep its 42,336-square-foot space on the entire 30th floor of Fisher Brothers’ 1345 Avenue of the Americas until 2039 and take another 42,317 square feet on the entire 29th floor, a source with knowledge of the deal said. The firm plans to expand into its new digs early next year.
Asking rents in the 50-story building are $95 per square foot, as CO previously reported.
Global Infrastructure Partners first moved into the tower between West 54th and West 55th Streets in 2018, relocating from its 30,500-square-foot offices at 12 East 49th Street, CO previously reported.
Robert Martin and Dan Santagata of JLL brokered the deal for the tenant while JLL’s Peter Riguardi, Alexander Chudnoff, Cynthia Wasserberger, Benjamin Bass and Betsy Buckley represented the landlord.
A spokeswoman for Fisher Brothers declined to comment and a spokesman for JLL did not immediately respond to a request for comment.
Other tenants in the 2-million-square-foot 1345 Avenue of the Americas include private equity firm Fortress Investment Group, law firm Linklaters and General Motors.
Update: An original version of the story said Fisher Brothers signed an agreement with Convene to run an amenity space in the building, but the deal was never finalized.