General Atlantic Expands by Half at Park Ave. Plaza
Growth equity firm General Atlantic Service Company will expand its global headquarters to 93,542 square feet at Fisher Brothers’ Park Avenue Plaza. A tenant at the Midtown property since 2007, General Atlantic currently occupies 62,340 square feet over the 32nd and 33rd floors.
Under the terms of the expansion, General Atlantic’s office will grow by half, to include all 31,202 square feet of the tower’s 31st floor beginning in July 2020. The expansion will run concurrently with General Atlantic’s initial lease, keeping the firm’s headquarters at the tower until 2039.
“General Atlantic’s strategic approach to global growth equity has yielded superior results for its clients, and we are pleased to accommodate their expansion at Park Avenue Plaza,” said Fisher Brothers partner Winston Fisher.
General Atlantic was represented in the transaction by JLL’s Robert Martin. Fisher Brothers was represented in-house by Marc Packman and Clark Briffel.
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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 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).