Raymond James completes move to new Park Avenue office, consolidates multiple teams at expansive site
160,000 square-foot space reaffirms commitment to a strong NYC presence
ST. PETERSBURG, Fla. – Raymond James has completed its move of a majority of its New York City-based associates to its new Park Avenue office - which will also serve as the home office of Alex. Brown, a division of Raymond James - according to Tash Elwyn, president and CEO, Raymond James & Associates and Haig Ariyan, president, Alex. Brown and head of Global Wealth Solutions.
The phased move-in to the LEED-certified high-rise located at 320 Park Ave., which began in mid-August, is now complete. The 160,000 square-foot lease spanning four floors combines several Raymond James and Alex. Brown teams previously located at 277 Park Ave., 350 Park Ave., 630 Fifth Ave. and 3 Columbus Cir.
“Despite the commercial real estate challenges in New York City over the past year, Raymond James has always believed that a strong presence in the world’s financial capital is essential,” said Paul Reilly, Chairman and CEO. “I’m confident that by creating a consolidated hub we will increase connectivity across complementary business units and enhance service to all stakeholders.”
In addition to Raymond James & Associates and its Alex. Brown division headquarters, Raymond James’ capital markets division, equity trading floor, Global Wealth Solutions, advisor support, legal and compliance are among departments operating at this location, encompassing approximately 350 associates.
“This move reflects the firm’s strategic growth and commitment to a people-driven culture,” said Elwyn. “The space has been thoughtfully designed to maximize collaboration and value for associates to the benefit of our clients, who have remained top-of-mind through this process.”
The Park Avenue office features an enhanced conference center, outdoor terrace, café and a newly remodeled amenities floor and lounge. Associates will have access to 19 meeting spaces, each Zoom-enabled and outfitted with state-of-the-art technology. Raymond James will offer a suite of internal development and training programs to employees at this location.
“We chose this office for the midtown site based on several factors, including its value for a premier Park Avenue address, proximity to major transit, top-notch shared amenities and the building’s helpful management team,” said Willem Van Dooijeweert, SVP, head of corporate real estate.
About Raymond James & Associates
Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, which has built a national reputation for more than 58 years as a leader in financial planning for individuals, corporations and municipalities, is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 8,500 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.18 trillion. Additional information is available at www.raymondjames.com.
About Alex. Brown, a division of Raymond James
Alex. Brown, a division of Raymond James, was originally founded in 1800, becoming the nation’s first investment bank. Alex. Brown offers financial planning, institutional, and private wealth management services. The division’s broker/dealer of record is Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 8,500 financial advisors throughout the United States, Canada and overseas. Total client assets are $1.18 trillion. Additional information is available at www.Alex-Brown.com.