Paramount announces two new deals at 745 Fifth Ave.Landlord Paramount Group, Inc. is ending 2004 on a high note. With the December December: see month. signing of a new lease and a lease renewal, New York's largest international real estate investment firm, is closing out 2004 with its Plaza District art deco art deco (ärt dĕkō`; är dākō`, ärt) or art moderne (är môdĕrn`, ärt) architectural jewel, 745 Fifth Avenue, at more than 99 percent occupied. Paramount, a full-service owner/ manager of numerous prime Manhattan properties, has just announced two new transactions at 745 Fifth Avenue that bring the 500,000-square-foot office tower to near full occupancy. 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" Arience Capital Management, LP has signed a 10-year, 10,975-square-foot lease, making 745 Fifth Avenue its premier headquarters location. In addition, independent filmmaker Charles Evans For other persons named Charles Evans, see Charles Evans (disambiguation). Sir Robert Charles Evans M.D., DSc, (19 October 1918 - 5 December 1995), was a mountaineer, surgeon, and educator. Born in Liverpool, he was raised in Wales and became a fluent Welsh speaker. Productions has signed a 5,000 square-foot lease renewal. "Given its outstanding Fifth Avenue location in the heart of midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan, steps from Central Park and its convenience to all modes of transportation, 745 Fifth Avenue is in constant demand from a variety of tenants that are attracted to its upscale address, pristine pris·tine adj. 1. a. Remaining in a pure state; uncorrupted by civilization. b. Remaining free from dirt or decay; clean: pristine mountain snow. 2. architecture and comfortable offices," said Paramount Group vice president Arthur L.Bocchi, who, along with Newmark, represented the landlord in both transactions. "In addition, a very high percentage of our tenants choose to renew their leases at 745 Fifth, keeping our occupancy number at or close to 100 percent at all times." In its lease negotiations with Paramount Group, Cushman & Wakefield represented Arience Capital Management, LP. In addition to a wide array of corporate tenants, 745 Fifth Avenue is also home to the renowned Bergdorf Goodman's Men's Store. |
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