Packman and Briffel of Fisher Bros. lease 29,768 s/f to GoldPoint; Assisted by Sachs and Shimkin of NKF

July 17, 2018 - New York City
Marc Packman, Fisher Brothers

 

Clark Briffel, Fisher Brothers

 

Manhattan, NY Fisher Brothers has signed a new 29,768 s/f lease with GoldPoint Partners, LLC at 299 Park Ave., one of the firm’s Midtown office towers. GoldPoint Partners currently manages $12.7 billion of private equity assets on behalf of pension funds, endowments, financial institutions and high net-worth investors from around the world. Under the 15-year lease, the affiliate of New York Life Investment Management and subsidiary of New York Life Insurance Co. will relocate to the entire 37th floor of 299 Park Ave. from 51 Madison Ave. in the second quarter of 2019.

Richard Bernstein, Steve Braun and Christine Colley of Cushman & Wakefield represented GoldPoint Partners. Fisher Brothers was represented in-house by Marc Packman and Clark Briffel, as well as by Andrew Sachs and Pete Shimkin of Newmark Knight Frank.

“We are pleased to welcome GoldPoint Partners to our esteemed tenant roster,” said Fisher Brothers partner Winston Fisher. “299 Park Ave. continues to be the preferred destination of the city’s top financial companies that seek the highest level of quality and service at a prestigious Park Ave. address.”

GoldPoint Partners is the fourth financial firm to sign a full-floor lease at 299 Park Ave. over the past eight months, joining Traxys on the 38th floor, B. Riley on the 21st floor, and Varagon Capital Partners on the third floor of the tower.  These prominent firms add to 299 Park Avenue’s growing roster of financial services companies, which includes Capital One, UBS, Carlyle, and American Securities.

Fisher Brothers is set to initiate a major capital improvement program at the iconic Plaza District tower in 2018.  The project, which is being designed by David Rockwell and the Rockwell Group, will include a reimagined lobby with a high-end design and more open feel; a transformation of the entrance that will allow natural light to fill the lobby; and an illuminated plaza backed by a new exterior lighting system. 

Designed by Emery Roth & Sons and built by Fisher Brothers, 299 Park Avenue is a 42-story, 1.2 million s/f office tower which opened in 1967.  Occupying the full block front between 48th and 49th Sts., 299 Park’s neighbors include the Waldorf-Astoria and Grand Central Terminal.  Originally built over primary tracks serving the New Haven Railroad, it was considered a marvel of modern engineering at the time of its construction. The long-time corporate headquarters for the Fisher Brothers organization, 299 Park Avenue is widely regarded as one of the top Class A office buildings in New York City.