Raymond James Completes Move to New Park Avenue Office

Raymond James and Associates has finished moving a majority of its New York-based associates to 320 Park Ave., a LEED-certified high-rise in Manhattan, the firm announced this week.

The 160,000-square-foot lease spanning four floors will also serve as the home office of Alex. Brown, a Raymond James division. The space combines several Raymond James and Alex. Brown teams that had been at 277 Park Ave., 350 Park Ave., 630 Fifth Ave. and 3 Columbus Circle.

“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,” Paul Reilly, Raymond James chairman and chief executive, said in a statement. 

“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, the firm’s capital markets division, equity trading floor, Global Wealth Solutions, advisor support, legal and compliance will operate at this location, encompassing approximately 350 associates.

“This move reflects the firm’s strategic growth and commitment to a people-driven culture,” Tash Elwyn, president and chief executive of Raymond James & Associates, said in the statement. “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.

Pictured: Tash Elwyn, president and CEO, Raymond James and Associates