January 23, 2024 | Fisher Brothers

Fisher Brothers Announces 95,000 Square Foot Expansion With Evercore At Park Avenue Plaza

The independent investment banking advisory firm will now occupy over 500,000 square feet at Park Avenue Plaza, which remains 100 percent leased

NEW YORK, NY (January 23, 2024)Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced that Evercore, an independent investment banking advisory firm, has expanded its presence by 95,000 square feet across floors 39 through 41 at Park Avenue Plaza. Growing its existing footprint by nearly 25 percent, Evercore will now occupy over half a million square feet. The highly sought-after Midtown tower remains 100 percent leased.

“It is a pleasure to strategically support Evercore’s growth and continue our longstanding relationship,” said Ken Fisher, Partner at Fisher Brothers. “Park Avenue Plaza remains a premier destination for top-flight financial services firms in New York attracted to the premium amenities and unparalleled modern design we offer. Park Avenue Plaza has established itself as a workplace where leading firms and their employees can thrive.”

Park Avenue Plaza is one of the most cutting-edge office buildings in the Fisher Brothers portfolio. The building emphasizes sustainability and green technology alongside premium amenities and security, a glass-walled atrium lobby, waterfall-side café, and European-style luxury retail arcades. Guided by Fisher Brothers’ long-term investment strategy toward sustainable energy, the 45-story tower has earned LEED Platinum certification, WELL Health-Safety Rating certification from the International WELL Building Institute and ongoing ENERGY STAR certification.

This announcement continues the trend of strong leasing activity across the Fisher Brothers portfolio. The firm recently announced, alongside institutional investors advised by J.P. Morgan Global Alternatives, that 1345 Avenue of the Americas is fully repositioned and over 90 percent leased after securing nearly 1 million square feet of leases in 2023. In December, Fisher Brothers celebrated the largest commercial lease in the United States in 2023 with leading international law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP signing 765,000 square feet at 1345 Avenue of the Americas.

Marc S. Packman, Charles P. Laginestra, Clark Briffel and Josh Fisher at Fisher Brothers led negotiations for Fisher Brothers in the transaction. Alan Desino from Colliers represented Evercore.

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About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.


About Fisher Brothers

For more than a century, Fisher Brothers has excelled in real estate innovation, developing, owning and operating unique spaces that enable people to thrive. From cutting-edge building design to neighborhood-defining art installations, Fisher Brothers leverages each real estate asset to create one-of-a-kind spaces for people to live, work and play. Fisher Brothers currently owns and operates commercial, residential and experiential retail assets in New York City, Las Vegas, Washington, DC, Miami and Orlando. For additional information about Fisher Brothers, please visit the company’s website at www.fisherbrothers.com.

Media Contact:

Berlin Rosen, fbmc@berlinrosen.com

Jamie Easton
Head of Communications & External Affairs
Communications@Evercore.com