Bank branching out with 35,000 s/f expansion.Rabobank International, one of the largest banks in The Netherlands and one of the only AAA-rated banks in the world, has acquired the entire 37th floor at 245 Park Ave. from CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , which is consolidating its operations at its new U.S. Headquarters at 300 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. . Rabobank, based in Utrecht, The Netherlands, currently occupies the entire 36th and 38th floors at 245 Park Ave., a premier, 1.6-million-square-foot building bound by Lexington and Park Avenues between 46th and 47th Streets. The new lease, for 35,000 square feet, will enable the expansion of the company's growing trading operations. Rabobank has been a tenant in the building, owned by Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. , for close to 20 years. Cushman & Wakefield's team of Franklin Speyer, Louis D'Avanzo, Stuart Romanoff and Amy Fox represented Rabobank International. Paul Spiegel of Handler Real Estate Services represented CIBC World Markets. Scott I. Schneider, Esq. of Loeb & Loeb, LLP LLP - Lower Layer Protocol acted as counsel for Rabobank International, and Nathan Sevilla, Esq. of Mayer, Brown, Rowe & Maw LLP acted as counsel for CIBC World Markets. Group 3, Inc. will be the tenant's architect and StructureTone, Inc. will be the tenant's contractor. Developed by Percy and Harold D. Uris and completed in 1966, 245 Park Ave. is a 44-story class-A office tower in Midtown. In addition to Rabobank, major tenants include J.P Morgan Chase, Major League Baseball "MLB" and "Major Leagues" redirect here. For other uses, see MLB (disambiguation) and Major Leagues (disambiguation). Major League Baseball (MLB) is the highest level of play in North American professional baseball. and Xerox. |
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