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Fisher Brothers has reached full occupancy at Park Avenue Plaza in Midtown Manhattan with expansions by existing tenants

Duff & Phelps Expands to Direct Tenancy at Park Ave. Plaza

Global advisory firm Duff & Phelps, a subtenant at Park Avenue Plaza since 2007, has opted for direct tenancy at the Plaza District office tower. The firm has signed a 16-year lease with landlord Fisher Brothers for 91,019 square feet, effective in September 2019.

The expansion follows the tenant’s acquisition of cybersecurity firm Kroll this past March. “Business performance and the acquisition of Kroll continue to drive growth at Duff & Phelps,” said COO Brett Marschke. “The expanded space at Park Avenue Plaza will bring all of our New York teams under one roof. This will enhance collaboration.”

The direct lease also follows a July agreement with Evercore to expand its Park Avenue Plaza footprint to 350,000 square feet. Duff & Phelps was represented by Savills Studley’s Mike Catalano, Greg Taubin and Pete Cento. Fisher Brothers was represented in-house by Marc S. Packman and Charles P. Laginestra.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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