Global Holdings Management group complete five transactions totaling 41,767 s/f

New York, NY Global Holdings Management Group has completed five transactions for a total of 41,767 s/f of office space at 410 Park Ave., a 22-story boutique property.

Glendower Capital, a $10 billion private equity firm, will nearly double its space at the building under a 10-year lease. The company will expand to 14,278 s/f across the entire 10th floor.

China CITIC Bank, China's seventh-largest lender, is expanding to 14,278 s/f across the entire 11th floor of the property under a 10-year renewal and expansion; global merchant bank Incentrum Group signed a 10-year renewal and expansion to occupy 9,071 s/f across the entire 18th floor; and JFI Family Office signed a three-year renewal for its 4,140 s/f office space on the 6th floor. 

Global Holdings Management Group recently completed a series of upgrades at 410 Park Ave. Tenants have exclusive use of a private lounge for events or meetings as well as a town hall-style conference room, a SkyTrak SIG10 Golf Simulator offering 35 professional courses and practice courses where tenants and their guests can recharge between meetings or host team-building events, and a fitness center featuring Peloton bikes, a meditation station, and training equipment to support health and wellbeing.

Situated on the corner of East 55th St. and Park Ave., the 250,000 s/f property’s ground floor is home to the Ferrari of New York showroom.

“As the pandemic continues to impact the evolution of the office environment, Global Holdings Management Group has prioritized tenant satisfaction with powerful amenities that support firm culture, as well as recruitment and retention,” said JLL vice chairman Paul Glickman, who oversees the leasing of 410 Park Avenue. “In the last 18 months, we have completed over 95,000 square feet of transactions at 410 Park – a true testament to Global Holdings’ commitment to the property and its tenants.”

Craig Panzirer, senior vice president and director of leasing, Global Holdings Management Group, said: “Recent leasing momentum in the property demonstrates the continued desirability of superior Class A office space.  We are delighted to accommodate our current tenants’ evolving space needs and look forward to welcoming more businesses to 410 Park through our high-end prebuild program and market-leading amenities.” 

JLL is the exclusive Agent of 410 Park Ave. In addition to Glickman, the professionals overseeing the leasing assignment are Benjamin Bass, executive managing director; Diana Biasotti, senior vice president; Kristen Morgan, vice president, and Harrison Potter, associate. Glendower Capital was represented by Gregg Cohen, a principal at Cresa. China CITIC Bank was represented by Clyde Reetz, executive vice president with CBRE. Incentrum was represented by David Mainthow, managing director, Troy Elias, senior associate, and Nick Masi, senior associate, from Cushman & Wakefield. JFI Family Office was represented by JLL’s Bass.