G
oldenTree Asset Management, a global firm managing $56 billion in assets for institutional investors, is expanding its Manhattan presence. The company will move from 350 Park Ave. to the GM Building at 767 Fifth Ave., occupying the entire 43rd and 44th floors of the iconic tower.

    The GM Building offers GoldenTree an ideal combination of location, layout, and amenities, according to founder Steve Tananbaum. The building boasts a state-of-the-art fitness center and lounges in its second-floor Savoy Club, which spans 35,000 square feet.

    BXP, the owner of the GM Building since 2008, has maintained an impressive occupancy rate of 99.1% across its two million square feet. Last year, the tower saw significant leasing activity, with four new leases exceeding $100 per square foot and one deal breaking the $200 per square foot barrier.

    GoldenTree's lease terms were not disclosed, but the move is a testament to the GM Building's appeal as a premier office destination in Manhattan.