Cerberus moves into Park Avenue space.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. announced that it has represented Danske Bank Danske Bank is a Danish bank. It was founded 5 october 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagen). , the largest bank in Denmark, in the disposition of 26,997 s/f of U.S. headquarters space on the 14th floor of 299 Park Ave. to Cerberus Capital Management L.P., adding to the two floors it currently occupies. Danske, represented by CBRE's Matthew McBride, will focus its growth in Europe, as evidenced by its recent purchase of National Irish Bank National Irish Bank (NIB) (Irish: Banc Éireannach Náisiúnta) is a commercial bank in the Republic of Ireland, one of the traditional Big Four. In December 2004 Danske Bank agreed to purchase National Irish Bank (and Northern Bank) from the National Australia Bank and Northern bank, the largest retail bank in Northern Ireland Northern Ireland: see Ireland, Northern. Northern Ireland Part of the United Kingdom of Great Britain and Northern Ireland occupying the northeastern portion of the island of Ireland. Area: 5,461 sq mi (14,144 sq km). Population (2001): 1,685,267. . Cerberus, a financial services firm, was represented by CBRE's Stephen B. Siegel and Robert Martin. "This was a mutually beneficial transaction for Danske and Cerberus," said McBride. "We were able to align Danske's real estate needs in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with its exit strategy and accommodate Cerberus' growth at 299 Park Ave., which is currently 100% leased. It was a win-win situation for both parties." Built in 1967 and known as the UBS/Warburg Building, 299 Park Ave. is a 42-story office tower located in the heart of midtown Manhattan on the southeast corner of 49th St. and Park. Major tenants include Union Bank of Switzerland, The Consulate of Japan and Westvaco Corp. |
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