Investment firm Brighton Park Capital Management takes full floor

NEW YORK, June 17, 2024 – JLL announced today it has completed a full floor lease for Brighton Park Capital Management at 10 Bryant, the 30-story trophy glass tower located steps from Grand Central Terminal at 452 Fifth Ave. in Midtown Manhattan.

An early-stage investment firm founded by tech entrepreneur Dominik Angerer, Brighton Park Capital Management will relocate from 299 Park Ave. to occupy the entire 16,428-square-foot 21st floor under a 10-year lease with owner, Property & Building Corporation Ltd. (PBC), who made the space available in an off-market transaction.

PBC-US Chief Executive Officer Eli Elefant said, “The continuous leasing momentum, driven by flight to quality, supports ownership’s confidence in our asset management plan and 10 Bryant’s repositioning plan.”

The transaction builds on recent leasing momentum at the property, which is being repositioned by PBC as 10 Bryant. Most recently, green infrastructure investor and operator Generate Capital leased 32,421 square feet across the entire 26th and 27th floors, and Tilden Park Capital inked a long-term renewal for its space across the entire 28th floor.

“10 Bryant is among just a handful of buildings in an extremely tight submarket that can provide full floor identity for boutique office tenants seeking a spectacular location,” said JLL Vice Chairman Paul Glickman who leads an exclusive leasing team that includes Executive Managing Director Ben Bass, Senior Vice President Kristen Morgan and Senior Associate Kate Roush. Brighton Park Capital Management was represented by Newmark’s Neil Goldmacher, Josh Friedman and Cooper Weisman.

Added Glickman, “This is a high-performance building with modern infrastructure and dramatic views across one of the city’s most beloved parks. It offers a superior location surrounded by top-rated restaurants and cafes, and public transport that makes commuting a breeze.”

10 Bryant is proximate to multiple transportation options, including Grand Central Station and the Metro North/LIRR Railroads, the Times Square subway network, as well as Penn Station and the Port Authority Bus Terminal, which are both a short walk away.

According to JLL, proximity to transit is increasingly desirable and driving increased leasing activity among top-tier properties in Manhattan. Over 17% of $100+ Manhattan leases signed post-COVID have cited proximity to regional transit among key relocation drivers.

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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