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TPG Renews, Expands to 100K SF

NEW YORK CITY—The world's largest private equity firm and the parent company of DTZ—which recently reached a deal to purchase Cushman & Wakefield—has committed to Midtown for 10 years.

By Rayna Katz | Updated on July 02, 2015

NEW YORK CITY—Texas Pacific Group, a $67 billion private-equity firm, is growing its New York City headquarters. The firm has renewed its lease at 888 Seventh Ave. and now will occupy 100,000 square feet at the 47-story office building, according to Crain’s New York Business.

TPG owns DTZ, which recently reached a deal to purchase Cushman & Wakefield for $2 billion. The Texas-based company, one of the largest private-equity firms worldwide, is expanding from about 80,000 square feet at the 880,00-square-foot building. It first signed a 20,000-square-foot lease at 888 Seventh Ave. a decade ago and has been steadily expanding ever since.

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