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Newmark arranges 2 leases for Park Avenue Tower space.

In two separate transactions arranged by Newmark Real Estate Services, tenants have leased approximately 12,000 square feet of office space at Park Avenue Tower, located at 65 East 55th Street in Manhattan.

In the first transaction, the investment banking firm of Unterberg & Harris has sublet 5,633 square feet of space on part of Park Avenue Tower's 18th floor from Oakhill Partners, an investment banking subsidiary of the Robert Bass Group.

Mark Paulson, associate director of Newmark Real Estate Services and Glenn H. Isaacson, who was formerly with Newmark & Company, represented Oakhill Partners in the five-year sublease, which has an aggregate rental valued at $1.5 million. David Yaspin of William A. White represented Unterberg & Harris.

In a related transaction negotiated by Paulson and Isaacson, a financial services firm leased 6,338 square feet of space, comprising a portion of the 19th floor of Park Avenue Tower.
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Title Annotation:Newmark and Company Real Estate Inc. Newmark Real Estate Services Inc. leases space at 65 East 55th Street in Manhattan, New York, New York
Publication:Real Estate Weekly
Date:Sep 16, 1992
Previous Article:Demolition completed for Tiffany Manor plan.
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