Hedge fund leases 38,000 s/f in Milstein's 335 Mad. tower.The Kaufman Organization recently brokered a six-year sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. for Laurus Funds, a strategic investment firm that caters financial needs to rising companies. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Kaufman of the Kaufman Organization, who represented the tenant in the transaction, the company signed a sublease for 38,366 s/f of office space, the entire 10th floor, at 335 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. from the American Arbitration Association The American Arbitration Association (AAA) is a private enterprise in the business of arbitration, and one of several arbitration organizations that administers arbitration proceedings. The AAA also administers mediation and other forms of alternative dispute resolution. . Brian Higgins, Chris Krause and Jordan Berger of the Staubach Company represented the sublandlord in the transaction. Although the terms of the lease were undisclosed, asking prices at the building are $75-$85 per square foot. "We've seen a trend in the market of successful hedge funds expanding into larger spaces," said Kaufman. "We were able to find a great space for this rapidly growing company." Specializing in investment finance for rising companies, Laurus Funds is a team of experts that provides their clients unique investment opportunities. Laurus represents a number of companies in different industries that include Continental Connection, New Century Energy Corp., Small World Kids, Inc. and MedAvant Health Solution. Built in 1984, the 29-story, 1,059,497 s/f building is owned by Milstein Properties, Inc. The building's tenant roster includes the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , 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 Life Insurance Co. and many others. The office tower features an atrium lobby, indoor plaza, direct access to Grand Central Terminal, an underground parking garage and 24/7 onsite security. |
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