ZCG, a privately held merchant bank in the midst of a strategic global expansion, has leased the entire 16,849-square-foot 16th floor at 430 Park Ave., the 19-story, Class A office property occupying an entire city block between East 55th and East 56th Streets, announced JLL, which represented ownership.
The company will relocate from 1330 Avenue of the Americas, where it occupied 10,000 square feet, in the second quarter of 2025 after its turnkey space has been fully built out by ownership.
“Our new office at 430 Park Avenue reflects ZCG’s commitment to New York as a key hub for our global operations,” said James Zenni, founder, president, and CEO of ZCG. “As we continue to expand our team and presence worldwide, this location will support our ongoing growth and our ability to deliver excellence for our partners and investors.”
430 Park Ave. was repositioned in 2002 as a Class A office property by current ownership — a joint venture of Oestreicher Properties, Midwood Investment & Management and Marx Realty — and serves as home to a high-profile roster of corporate and financial tenants, including SK Capital Partners, H.C. Wainwright and Withers.
Ownership recently retained leading architectural firms MdeAS Architects and Vocon to design new base building improvements that will include a new lobby and entrance on Park Avenue.
“Vacancy on Park Avenue has been falling as the flight to quality continues among tenants seeking proximity to regional transit,” said JLL Executive Managing Director Clark Finney. “With its institutional, hands-on ownership, 430 Park Ave. is well positioned to meet persistent demand for Class A office space in this prime Manhattan location.”
Finney along with JLL Vice Chairman Frank Doyle, Managing Director Randy Abend and Senior Vice President Robin Olinyk represented ownership in the lease with ZCG. The tenant was represented by Josh Berger and Sam Matayev of Norman Bobrow & Company Inc.
