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New York & Tri-State  + Midtown New York  + Office  | 

National Bank of Kuwait Re-Commits to 299 Park

Maintaining its place on a financial tenant roster that also includes Capital One, UBS, Carlyle and American Securities, the National Bank of Kuwait has renewed its New York office space at Fisher Brothers’ 299 Park Ave. for 10 more years. The bank has been a 299 Park tenant for nearly a quarter century and occupies 18,688 square feet on the building’s 17th floor.

NBK, established in 1952 as the first local bank and shareholding company in Kuwait and the Gulf Region, was represented internally in lease negotiations. Fisher Brothers was represented in-house by Marc Packman and Charles P. Laginestra.

Since last May, Fisher Brothers has secured nearly 200,000 square feet of leases at 299 Park, bringing the property to over 90% occupancy. Earlier this month, it signed a full-floor lease with B. Riley. A major capital improvement program at the property is in the cards for later this year.

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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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