Blackstone Group Tacks on an Additional 80,000 s/f at Manhattan HQ

The asset manager will be expanding its Manhattan headquarters by 80,000 square feet following a recently signed expansion deal, just about three years after completing a nearly 150,000-square-foot expansion in 2018. Located at 345 Park Avenue, in addition to an increase in footprint at the tower to a total of 720,000 square feet, Blackstone extended its lease at the Midtown office for an additional year, until 2028. The deal brings a closure to the company’s consideration of a possible relocation as well as further affirmation of New York City’s recovery.