Large Investment Firm Signs 23,356 Square Foot Lease

April 28, 2017

Lance Leighton

Founder –
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Cyrus Capital Partners Relocating to Park Avenue Tower

Cyrus Capital Partners, out of the 39th floor of 399 Park Avenue, has just signed a lease for 23,356 square feet at 65 East 55th Street also known as Park Avenue Tower. The $4.5 billion investment firm will be taking 15,048 square feet on the entire 34th floor and 8,308 square feet on the 35th floor. Equity Office will be building these floors out for Cyrus Capital. It will be constructed with an internal staircase connecting the floors and Cyrus will be able to take possession in early 2018. In the meantime, Cyrus will be placed on the 6th floor until their floors are ready. The asking rent of the deal was $150 per square foot and they signed for 15 years.

Park Avenue Tower recently underwent a $25 million capital improvement program that modernized its building systems and transformed the lobby to a contemporary design and high-end finishes unique to Midtown.  The building even features a fitness and amenity center. Cyrus will enjoy the combination of efficient floors, stunning views, exclusive amenities while remaining near Park Avenue.

Please click here if you additional questions about this deal or here to try our free office space search.

Recent Posts

Year in Review – The Largest Office Relocations

  • By Lance Leighton | January  05,  2018

BlackRock, Bank of America and Third Point had Midtown Manhattan's most notable new leases. There is no question that 2017 was a solid year for New York City commercial real…

Why Your Current Real Estate Broker is WRONG

  • By Lance Leighton | December  27,  2022

The office space market is being dictated by ONE thing, Culture! As one of the more active office space brokers in New York City, I can’t help but cringe when…

What Are The Benefits of Having Tenant Representation

  • By Lance Leighton | May  24,  2012

Tips for Choosing a Tenant Representation Office Space Broker Office space is one of the most meaningful and influential decisions for a company's executive.  Depending on the size of the…