Dane deal on Park Ave.

Richard Ellis There are several prominent people named Richard Ellis, including

Richard A. Ellis (scientist and engineer), research engineer
Richard Ellis (astronomer), Caltech professor and director of Palomar Observatory.

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 at 299 Park Avenue 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. 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, a CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) First Vice President. "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 Avenue, which is currently 100 percent leased. It was a win-win situation for both parties."

Built in 1967 and known as the UBS/Warburg Building, 299 Park Avenue is a 42-story office tower located on the southeast corner of 49th St. and Park.

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Publication:	Real Estate Weekly
Geographic Code:	1USA
Date:	Dec 14, 2005
Words:	155
Previous Article:	Printer buys Queens Industrial building.
Next Article:	Law firm to lease 37,000 s/f HQ.
Topics:	Banking industry Financial services Financial services industry

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