BBR Partners Signs New Long-Term Lease
BBR PARTNERS, LLC SIGNS 30,000-SQUARE-FOOT LEASE AT FISHER BROTHERS’ PARK AVENUE PLAZA
Leading wealth management firm will occupy the entire 18th floor of the prominent Midtown property
NEW YORK, NY (July 6, 2020) – Fisher Brothers today announced the completion of a 30,000-square-foot, multi-year lease with BBR Partners, LLC. The lease signing highlights continued demand for well-positioned Midtown office space, despite the ongoing COVID-19 pandemic. The wealth management firm will occupy the entire 18th floor of Park Avenue Plaza, located at 55 East 52nd Street in Midtown East.
BBR Partners continues to prioritize modern, functional space to support the recruitment and retention of talented professionals. Fisher Brothers, a fourth-generation real estate company that owns and manages more than 5.5 million square feet in Midtown Manhattan, worked closely with BBR Partners to ensure that their office space needs were met as the firm navigated the pandemic.
“This signing is a testament to our continued investment in our properties and our deep-rooted commitment to being reliable partners to our tenants,” said Ken Fisher, Partner at Fisher Brothers. “We’re proud to be able to work with high caliber tenants, such as BBR, by providing knowledgeable, Class A services. Experience and innovation in the workplace have never been more important than now, as the City returns to the workplace.”
BBR Partners is a Barron’s Top Ten Investment Advisor that provides financial advice and service to a select group of wealthy families. In its twentieth year, BBR serves a global, multigenerational client group with diverse backgrounds and interests. Based in New York, with offices in Chicago and San Francisco, the firm’s clients include entrepreneurs, beneficiaries of inherited wealth, executives of Fortune 500 companies, and investment professionals with hedge funds, private equity and real estate backgrounds.
“We are excited to begin our relationship with Fisher Brothers as a tenant of their modern building in Midtown East. We look forward to returning to work and enjoying the spacious and state-of-the-art facilities that Park Avenue Plaza provides,” said Barry Klayman, Partner & COO at BBR Partners. “Fisher Brothers understood our needs and were able to safely accommodate our people, as well as our short and long-term business goals as we enter a post-COVID-19 world.”
Park Avenue Plaza is a Skidmore, Owings & Merrill-designed, 1.2 million square foot modern office tower and is home to several prominent financial firms. Building features include a stately green glass facade, striking views, twelve corner offices per floor, column-free 45-foot interior spans, state-of-the-art security and a glass-walled atrium lobby with a waterfall-side café and European-style luxury retail arcades.
Lease negotiations for Fisher Brothers were handled in-house by Marc S. Packman and Charles P. Laginestra, alongside Howard Fiddle, Peter Turchin, Christie Harle, Benjamin Joseph, and Roger Griswold of CBRE. Brad Needleman at Newmark Knight Frank and Jason Gorman at CBRE handled negotiations on behalf of BBR Partners.
For additional information about Park Avenue Plaza and Fisher Brothers, please visit the firm’s website at www.fisherbrothers.com.
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About BBR Partners, LLC
BBR Partners is a boutique wealth management firm that provides financial advice and service to a select group of wealthy families. We work with each family to design and implement a personalized wealth strategy that is specifically tailored to their unique needs. BBR serves a global multigenerational client group with diverse backgrounds and interests. We work with multiple generations within families and are able to serve as a resource for all family members, regardless of an individual’s level of financial sophistication. Our clients include entrepreneurs, beneficiaries of inherited wealth, executives of Fortune 500 companies, and investment professionals with hedge funds, private equity and real estate backgrounds.
About Fisher Brothers
For more than a century, Fisher Brothers has excelled in real estate innovation, developing, owning and operating unique spaces that enable people to thrive. From cutting-edge building design to neighborhood-defining art installations, Fisher Brothers leverages each real estate asset to create one-of-a-kind spaces for people to live, work and play. The company’s commercial portfolio encompasses seven million square feet of Class A office space, including the iconic towers Park Avenue Plaza, 299 Park Avenue, 1345 Avenue of the Americas and 605 Third Avenue in Manhattan, as well as Station Place, Washington, DC’s largest private office complex. Fisher Brothers residential portfolio includes House 39, an amenity-rich building at 225 East 39th Street and 111 Murray, an ultra-luxury, high-rise condominium tower in Tribeca. In Las Vegas, Fisher Brothers is developing AREA15, a groundbreaking experiential and interactive, retail, dining and nightlife complex set to open later this year. Fisher Brothers has nearly 1.5 million square feet in recent and ongoing development. Launching in late 2020, Fisher Brothers is creating a 5-star amenity product, @Ease, which will be unveiled at 1345 Avenue of the Americas.
Abigail Rollins, BerlinRosen