PitchBook Signs 34 KSF Midtown Manhattan Lease

PitchBook will occupy two floors in Columbia Property Trust's 20-story office building, bringing the asset's occupancy level to 84 percent.

315 Park Ave. South, New York City
315 Park Ave. South, New York City

Columbia Property Trust Inc. has signed a 34,100-square-foot, 136-month lease with PitchBook, a financial data and software company, at one of its Midtown South office buildings. The tenant will occupy the entire 13th and 14th floors of 315 Park Ave., starting in May, relocating from its current location at 155 Fifth Ave.

The owner has invested capital and upgraded amenities to position the 334,000-square-foot, 20-floor asset as best-in-class in the submarket, including a reimagined entrance, brand new lobby, new retail façade and Columbia Concierge, an exclusive onsite concierge service.

Intense leasing activity

Following PitchBook’s lease, the property is now 84 percent occupied by Oracle, Winton Capital Management, which signed a 34,844-square-foot office lease in 2016, and Equinox. The landlord has signed leases totaling 85,250 square feet over the past four months, including a 34,100-square-foot lease with Gemini Trust last October and a 51,150-square-foot lease expansion with BDG Media last September.

L&L Holding Co.’s  David Berkey and Andrew Wiener are handling the leasing for the property.

The epicenter of the U.S. financial industry, New York is a key market for PitchBook to continue building and expanding our presence,” PitchBook Founder & CEO John Gabbert said in a prepared statement. “In 2017, PitchBook’s global headcount grew by 20 percent and nearly 50 percent in the New York office, which served as a forcing function to expand our office spaces globally.

Image courtesy of Columbia Property Trust