Newswire Mann Report

Private Equity Firm Incline Expands at 101 Park Ave.

101 Park Ave. (Photo courtesy of JLL)

Private equity firm Incline Equity Partners has expanded its footprint at 101 Park Ave., the 49-story office tower at the corner of 40th Street and Park Avenue in Midtown Manhattan owned and operated by H.J. Kalikow & Co. LLC, announced JLL.

Headquartered in Pittsburgh, Pennsylvania, Incline Equity Partners is a private equity firm dedicated to investing across the middle market in services, value-added distribution and specialized light manufacturing.

Incline signed a 14,198-square-foot expansion to occupy space on the 47th floor, expanding Incline’s existing 18,000 square feet on the 46th floor of the property.

“101 Park Avenue addresses all of the key considerations of leading companies in the city today – a prime location surrounded by multiple transportation options, multimodal design providing a variety of spaces to accommodate individual work and collaboration, an extensive amenity offering and a vibrant social hub serving both tenants and the community,” said Kathryn H. Kalikow of the Kalikow Organization.

Owned and operated by H. J. Kalikow since it was built in 1982,101 Park Ave. offers 1.3 million square feet of Class A Grand Central office space, as well as 30,000 square feet of retail space that includes a bank and full-service newsstand, the building’s amenities feature Club 101, a dining club, business and entertainment venue and Convene, a tech-enabled corporate event space. A five-story lobby entrance is manned by a full-time concierge and white-glove elevator attendants, and the property is outfitted with an emergency generator, 24 passenger elevators, a four-bay loading dock and parking garage.

JLL Vice Chairman Alexander Chudnoff, Senior Managing Director Nick Francic, Vice Chairman Harrison Potter and Senior Associate Kate Roush represented Incline Equity Partners in its expansion to 32,198 square feet. Cushman & Wakefield Executive Vice Chairman John Cefaly and Managing Director Nicholas Dysenchuk represented the landlord.