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JLL represented tow investment firms in relocating to Park Avenue Tower at 65 E. 55th St.

EQ Office Adds Tech Firm to Park Ave. Tower’s Roster

EQ Office today announced it has signed CLEAR to a new 10-year, 24,640-square-foot lease at Park Avenue Tower. The tenant, which uses biometrics to expedite security processes at airports, stadiums and other high-profile venues, is relocating from 650 Fifth Ave.

CLEAR will occupy the property’s entire 17th floor beginning in late 2018. It will add a portion of the 16th floor in early 2019, following a build-out of the space on both floors.

The tech company is the latest in a series of blue-chip tenants that have signed on following EQ Office’s $40-million renovation program at Park Avenue Tower. Since concluding the program, the landlord has secured 231,000 square feet of new leases.

EQ Office was represented in-house by Simon Wasserberger and Scott Silverstein, and by NKF’s Brian Waterman, Ben Shapiro, Brent Ozarowski and Lance Korman. CLEAR was advised by Jared Horowitz of NKF.

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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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