Empyrean Capital Partners, an investment manager, has renewed their lease for the entire 28th floor at 499 Park Ave. in Midtown Manhattan through a long-term extension arranged by Cushman & Wakefield. The team representing the tenant was led by David Hoffman and Sam Hoffman while CBRE’s Paul Amrich provided agency leasing services for the property.
According to David Hoffman, the prime location of 499 Park Ave., situated in Midtown’s Plaza District on the northeast corner of 59th Street and designed by I.M. Pei, offers Empyrean a unique combination of efficiency, privacy and beautiful views that make it an ideal choice for their continued occupancy.
The building itself is a modern glass-windowed structure spanning over 28 stories with convenient access to various dining options, high-end shopping destinations as well as boutique hotels and public transportation making it highly desirable among tenants seeking convenience and luxury in one place.
