Kushner Cos., the real-estate business owned by the family of senior White House adviser Jared Kushner, is moving its headquarters out of the office tower at 666 Fifth Ave., the tower at the center of the Kushners’ push into the Manhattan real-estate market just before the 2008 crash.

Kushner Cos. is moving to the top floor of the General Motors Building on the southeast corner of Central Park, one of the most coveted office addresses in the city, according to people familiar with the matter. The family has been looking for new Manhattan digs following its distressed sale of control of 666 Fifth Ave. to Brookfield Asset Management in the summer of 2018.

Brookfield, which valued the deal at $1.29 billion, last year launched a $400 million overhaul of the 39-story building which was built in the 1950s. As part of that overhaul Brookfield has been vacating 666 Fifth of tenants including Kushner Cos., which occupies about 15,000 square feet in the tower.

The move comes as the commercial real-estate industry, like most businesses, has been in upheaval as a result of the Covid-19 pandemic. Tenants are falling behind on rent payments, landlords are defaulting on loans and investors are looking for steeply discounted prices.

Kushner Cos. has closed one discounted acquisition. In April, the company purchased a $30 million loan backed by a Brooklyn apartment building sold by SL Green Realty Corp. , New York’s largest office building owner. The real-estate investment trust has been trying to shore up its balance sheet in the wake of a collapsed Manhattan property sale. Kushner paid about 90 cents on the dollar, according to people familiar with the matter.