Money firms in lease deals that add up to 48,000 s/f.Two more growing Manhattan-based financial firms have leased full floors comprising a combined total of 48,000 s/f at the Lefrak Organization's newly refurbished office tower at 40 West 57th West 57th can refer to:
Carret, Inc., an asset management firm controlled by former Harken Energy Harken Energy Corporation (AMEX: HKN) is an American oil and gas company, headquartered in Southlake, Texas. Its shares trade publicly on the American Stock Exchange. Harken has attracted attention because of the role played in its affairs in the 1980s by George W. Chairman Alan Quasha, has leased the entire 24,000 s/f 20th floor for its new executive offices and Sandell Asset Management, a prominent hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , has taken the entire 24,000 s/f 26th floor for its new headquarters. "We're delighted that we continue to attract some of New York's most prestigious firms who recognize that all of their needs and growing space requirements can be satisfied at one of the most desirable business locations in all of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ," stated Lefrak president Richard LeFrak. The distinctive 34-story office tower at 40 West 57th Street is now more than 95% leased. James Coleman, president of Hanley Advisors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , who during his career has arranged over a million square feet of leasing deals at various Lefrak buildings, served as strategic real estate advisor for both Carret and Sandell Asset Management on the long-term leasing transactions. The Lefrak Organization was represented by 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. , exclusive leasing agent for the property. "As we performed site selection for both of these money management firms, we realized they had identical needs--office space with an upscale image and prominent location, room for expansion and a high-quality landlord," asserted Mr. Coleman. "We quickly identified 40 West 57th as the ideal choice for all of these requirements." A multi-million dollar capital improvement program at 40 West 57th Street is nearing completion. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion