Global Holdings Secures Expansion Leases at 99 Park Ave., Launches Capital Improvements

Global Holdings announced a $30-million capital improvement program at 99 Park Ave., its Class A office tower near Grand Central Terminal. The announcement coincides with anchor tenant Metropolitan Commercial Bank renewing and expanding its lease to approximately 81,979 square feet. Lubert-Adler, a Philadelphia-based institutional real estate investment manager, also signed a 7,674-square-foot expansion lease and wealth management firm Steward Partners LLC leased 5,499 square feet.

“Today’s tenants are seeking well-located and highly-amenitized spaces, and 99 Park Avenue delivers on all fronts,” said Craig Panzirer, SVP / director of leasing, Global Holdings. “In response to this demand and our commitment to strategic investments across the portfolio, we’ve invested in a transformative capital improvement program that is already attracting and retaining the world’s leading companies looking for modern office spaces that foster innovation and collaboration.” 

Paul Glickman and Diana Biasotti of JLL represented Metropolitan Commercial Bank. Noel Flagg of Newmark represented Lubert-Adler. David Opper and Eddie Sisca from CBRE represented Steward Partners. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL represented Global Holdings.