Brokerage BTIG Partners Nabs 65K SF at Park Avenue Tower

Financial brokerage BTIG Partners is moving north and east to the Plaza District.

The 15-year-old institutional brokerage and trading firm inked a 65,000-square-foot lease at EQ Office ’s 65 East 55th Street , otherwise known as Park Avenue Tower, according to information from CoStar Group . The 15-year deal encompasses the second, third and fourth floors of the 36-story building between Park and Madison Avenues. BTIG also took ground floor space for a private entrance, per The Real Deal , which broke news of the lease.

Asking rents in the deal weren’t disclosed, but Commercial Observer reported in December that asking rents hovered around $135 to $140 a square foot .

BTIG will relocate from Durst Organization ’s 825 Third Avenue , where it occupies 19,244 square feet on the seventh floor via a sublease. It plans to decamp the 40-story office tower between East 50th and East 51st Streets in November, CoStar indicates.

Neil Goldmacher , Brian Goldman and Chris Mongeluzo of Newmark Knight Frank represented BTIG in the transaction. Newmark’s Brian Waterman , Jared Horowitz , Ben Shapiro , Brent Ozarowski and Lance Korman handle leasing at the 38-story Park Avenue Tower. A spokeswoman for NKF didn’t return a request for comment, and a spokeswoman for EQ Office declined to comment on the deal.

Other major deals signed at 65 East 55th Street recently include merchant bank Raine Group , which nailed down 33,000 square feet there in December, and Monday Properties , which took 16,000 square feet.

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