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New York & Tri-State  + Midtown New York + New York  + Office  |  December 13, 2021
Paul Bubny
By: Paul Bubny

Asset Manager Compass Group Inks Plaza District Lease

Colliers secured an 11-year lease for Compass Group, one of the leading independent Latin American asset managers, at 590 Madison Ave. Managing director David Kaplansky represented the tenant. 
 
“As more organizations plot a return to the office, we’ve seen an uptick in world-class tenants again exploring space in Manhattan and the Plaza District,” said Kaplansky. “According to our research team, last quarter was actually the strongest for leasing activity since late 2019, and we’re encouraged by this momentum.  

“Compass Group was looking for a brand-new, state-of-the-art space with unparalleled Central Park views and we are pleased we found them the perfect location,’ he added. 
 
A CBRE team of chairman of global brokerage Stephen Siegel, EVP Evan Haskell, SVPs James Ackerson and Taylor Scheinman and first VP Brett Shannon represented ownership. Jeff Sussman handled the transaction in-house for the landlord, Edward J. Minskoff Equities.

Read More News Stories About: Colliers
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Inside The Story

Colliers' Kaplansky

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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