Morgan Stanley to move into Park Avenue Plaza as BlackRock moves

BlackRock had planned to leave the 12 floors it has in Fisher Brothers‘ Park Avenue Plaza as it will move its headquarters to 50 yards from Hudson once its lease expires in April 2023.

CBREit is Howard Fiddle, Pierre Turchin, roger Griswold, Christie harassed and Benjamin Joseph represented Fisher Brothers, but the company declined to comment further.

The news follows a refinancing agreement at Park Avenue Plaza between Fisher Brothers and Morgan Stanley for $575 million, with the bank issuing $460 million under a 10-year first mortgage, which came with a mezzanine loan of 115 million dollars, Previously reported Trade Observer.

The building consists of 44 floors and spans 1.2 million square feet which was 99% leased in October, according to Moody’s Investor Services.

Morgan Stanley also declined to comment, and while it already has space at 55 East 52nd Street, its main headquarters are in Times Square at 1585 Broadway. It is unclear whether or not he will retain this space.

The deal comes after the asset management company Jennifer Associates signed a lease in March for 120,809 square feet on floors 24-27, as the OC previously reported.

Morgan Stanley was represented by JLL, who did not immediately respond to a request for comment. Neither did Fisher Brothers and BlackRock declined to comment.

Marc Hallum can be contacted at [email protected].