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Brokerage
Posted: April 8, 2025
Garan expands lease at Global Holdings’ 99 Park Ave.
Manhattan, NY GARAN, Inc. (Garan), a children’s apparel company owned by Berkshire Hathaway, Inc. signed an expansion lease spanning the entire sixth floor for its U.S. headquarters at 99 Park Ave.
Anchor tenant Metropolitan Commercial Bank also renewed and expanded its lease.
Originally designed by Emery Roth & Sons, 99 Park Ave. is a 26-story, 600,000 s/f office tower acquired by Global Holdings in 1990.
CBRE represented Garan. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL represented Global Holdings.
“Anytime a current tenant decides to expand its presence at 99 Park Ave. it’s attributable to the strategic investments we’ve made, and the premium experience we offer tenants,” said Craig Panzirer, senior vice president/director of leasing, Global Holdings.
“With our capital improvement program well underway, we’re reinforcing our commitment to creating best-in-class workplaces that support the growth, success and future of our tenants”
The lease comes amid Global Holdings’ $30 million capital improvement program within the building, expected to be complete in summer 2026. The renovations, led by VOCON, include a reimagined lobby, an exclusive tenant amenity center, a conference facility, a speakeasy-style lounge, a barber shop and salon, and entertainment spaces featuring a bowling alley and golf simulator.
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