New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Blackstone Expands Plaza District Headquarters by 250K SF
Blackstone has made it official, confirming earlier published reports that it would expand its Midtown Manhattan headquarters at Rudin’s 345 Park Ave. The alternative asset management giant is expanding by 250,644 square feet of office space in the Plaza District tower and extending its existing lease for an additional five years through 2034.
Blackstone’s total footprint will now span approximately 1.06 million square feet across 28 floors at 345 Park and 1.4 million square feet in New York City overall, making it the city’s seventh largest commercial office tenant. It executed its original two-floor, 70,000-square-foot lease at 345 Park in 1988.
“The decision of a premier financial services firm such as Blackstone to expand its footprint is a testament to New York City’s continued allure and resiliency,” said Michael Rudin, co-CEO of Rudin.
Building ownership was represented by Tom Keating, Rob Steinman and Kevin Daly of Rudin. Blackstone was represented by JLL’s Peter Riguardi, Joe Messina, Jessica Berkey, William McGarry, Hale King, Cynthia Wasserberger and Carlee Palmer, and by Fried Frank’s Jonathan Mechanic and Jen Yashar.
- ◦Lease
