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Germany’s Central Bank Renews Longtime 499 Park Ave. Space
Cushman & Wakefield recently arranged an 11-year, 5,684-square-foot lease renewal for Deutsche Bundesbank at 499 Park Ave. The firm’s Troy Elias and Aron Schreier represented the tenant, which is considered the most influential member of the European System of Central Banks.
“Deutsche Bundesbank has been an important tenant of 499 Park Ave. since 1986 and is looking forward to calling it home for another decade,” said Elias.
A CBRE agency team led by vice chairman Paul Amrich represents 499 Park’s ownership in leasing transactions. Hines, which sold the tower in 2013 to a fund managed by American Realty Advisors, continues to manage it.
The major tenants at 499 Park include Cantor Fitzgerald, Halstead Property and Lippincott Management.
- ◦Lease