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Trophy Money Management Names Fill Manhattan Trophy Office Towers, Bain, FTV and Garda all Sign With Park Tower Group

Trophy Money Management Names Fill Manhattan Trophy Office Tower  

 Luxury, Class A trophy office specialist Park Tower Group, prominent in both real-estate development and management, has secured a series of lease extensions totaling 39,315 square feet at 535 Madison, which brings the 37-story office tower to 100 percent occupancy. 

Park Tower Group also reports that daily headcounts at the Plaza District building have topped 94% percent. Park Tower Group’s agreements with Bain Capital NY LLC, FTV Management Company and Garda Capital Partners brings the 480,000 square-foot office tower to 100 percent leased, with just a single, 14,375-square-foot space across the 12th floor expected to become available in mid-2022.

A CBRE team of Brian Gell, Vice Chairman, and Laurence Briody, Executive Vice President, represented Park Tower Group in all three transactions. Additional details about each lease expansion follows:

Bain Capital NY LLC signed a 14,765-square-foot, 11-year lease for the entire 30th floor. Bain doubles their space in the building, adding to its 14,765-square-foot space on the entire 29th floor. The investment firm was represented by Bryan Boisi and Connor Barnes of Cushman & Wakefield Boston.

FTV Management Company, L.P. is expanding into 12,275-square-feet on the entire 33rd floor as part of a 13-year lease. FTV extended its 12,275-square-foot space on the entire 32nd floor by 8 years. The investment firm was represented by Howard Grufferman and Reid Longley of Colliers.

Garda Capital Partners LP signed a 12,275-square-foot, 10-year lease the entire 34th floor, relocating and expanding from their previous space of 3,824 square foot space on part of the 21st floor. The asset management firm was represented by Brent Ozarowski and Kevin Sullivan of Newmark.

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Park Tower GroupBain Capital NY LLCFTV Management CompanyGarda Capital PartnersCBRE

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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