News release

Global Holdings welcomes private equity firm in Plaza District

JLL arranges full-floor lease for TriPost Capital Partners

October 06, 2023

Jessica Wozniak

Agency Leasing and Markets PR
+1 312 523 9994

NEW YORK, N.Y., Oct. 6, 2023 – Global Holdings Management Group announced that real estate private equity firm TriPost Capital Partners has leased a full floor of office space at 410 Park Ave., a 22-story boutique property located within Manhattan’s Plaza District.

Cofounded by Brad Carroll and Todd Silverman in 2014, TriPost specializes in recapitalizing multifamily, office, retail and industrial property operating and development companies. The company will relocate and expand from 3,654 square feet it currently occupies at 654 Madison Ave. to 11,885 square feet across the entire 14th floor of 410 Park. The turnkey space features multiple useable terraces and, as the only full floor opportunity in the building, was leased to TriPost 10 months in advance of its availability amid acute demand.

Craig Panzirer, senior vice president and director of leasing, Global Holdings Management Group, said: “The arrival of a leading real estate tenant is a tremendous endorsement of our efforts to meet the evolving space needs of premier companies as they make strategic decisions about their occupancy. As new workplace practices take hold, 410 Park Ave. provides the type of superior Class A experience that the post-pandemic workforce now demands, and we are thrilled to welcome another preeminent tenant to our roster.”

Over the past several months, the property’s exclusive JLL leasing agency has completed more than 100,000 square feet of transactions on behalf of Global Holdings. Most recently, rapidly growing private equity firm Glendower Capital signed a 10-year renewal and expansion for 14,278 square feet across the entire 10th floor; China CITIC Bank, China's seventh-largest lender, expanded to 14,278 square feet across the entire 11th floor under a 10-year renewal and expansion; and global merchant bank Incentrum Group signed a 10-year renewal and expansion to occupy 9,071 square feet across the entire 18th floor.

The brisk leasing momentum follows the completion of a series of best-in-class upgrades at 410 Park Ave. Tenants have exclusive use of a private lounge for events or meetings as well as a town hall-style conference room, a SkyTrak SIG10 Golf Simulator offering 35 professional courses and practice courses where tenants and their guests can recharge between meetings or host team-building events, and a state-of-the-art fitness center featuring Peloton bikes, a meditation station, and training equipment to support health and wellbeing.

Situated on the corner of East 55th Street and Park Avenue, the 250,000-square-foot property’s ground floor is home to the Ferrari of New York showroom. Its location in the heart of the prestigious Plaza District also makes 410 Park Ave. highly accessible to the city’s transportation network.

JLL vice chairman Paul Glickman, executive managing director Benjamin Bass, senior vice presidents Diana Biasotti and Kristen Morgan; and associate vice president Harrison Potter represented Global Holdings in the lease with TriPost Capital Partners. The tenant was represented by JLL vice chairman Evan Margolin and managing director Scott Ansel.

Said Glickman, “Global Holdings has responded to a market that now requires office space designed around new workplace strategies that accommodate the way companies want to work today. We anticipate continued momentum at 410 Park Ave. as thoughtful employers seek high-end, turnkey space with market-leading amenities.”

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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