RFR Realty leases 9,100 s/f to Pamplona Capital at 375 Park Avenue
According to RFR Realty LLC, Pamplona Capital Management has signed a 9,100 s/f lease at 375 Park Ave.
Pamplona, a specialist investment manager that manages assets for public pension funds, international wealth managers and others, took the space on the 17th floor of the building.
The lease follows a flurry of activity in the landmarked building, including Atlas Merchant Capital's 17,519 s/f lease, Invemed Associates' 7,000 s/f renewal, and Fintech Advisory's 10,000 s/f renewal and expansion.
Located on Park Ave. between 52nd and 53rd Sts., 375 Park Ave. remains the preeminent office building in New York City, if not the world. It already houses some of the world's premiere sovereign wealth funds, private equity firms, hedge funds and boutique financial services firms and continues to attract more, as Pamplona's lease demonstrates.
Steve Morrows, RFR Realty executive vice president and director of leasing, represented the company in-house in the lease negotiations.
Pamplona was represented in the lease by Joseph Simone of Tishman Real Estate Services.
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of