Powerhouse hedge fund signs 17,000 s/f lease at Rock Center.Studley announced that the firm has completed its search for new office space for a US subsidiary of the Man Investments division of Man Group plc. The firm will move its 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 headquarters to One Rockefeller Plaza at Rockefeller Center Rockefeller Center, complex of buildings in central Manhattan, New York City, between 48th and 51st streets and Fifth Ave. and the Ave. of the Americas (Sixth Ave.). The project was sponsored by John D. Rockefeller, Jr. , owned by Tishman Speyer. David R. Dusek, senior managing director of Studley, along with Howard Ecker and Lou Vidaillet of Jupiter Brokerage in Chicago, represented Man Investments in the 17,500 s/f 10-year lease for the entire 16th floor of the 34-story, 606,000 s/f property. Man Investments, which will move its New York-based employees into the new office space in early 2007, is currently located at 717 Fifth Avenue. "We scoured the options in Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town for a quality building with an international address," said Dusek. "The floor plates at One Rockefeller Plaza easily accommodate an open environment that Man Investments desired. Being situated in Rockefeller Center also offers a cachet cachet /ca·chet/ (ka-sha´) a disk-shaped wafer or capsule enclosing a dose of medicine. ca·chet n. An edible wafer capsule used for enclosing an unpleasant-tasting drug. that is instantly recognizable worldwide." Blythe Kinsler and Calvin Farley acted in-house on behalf of Tishman Speyer in the transaction. Based in London, Man Investments, the asset management division of Man Group plc, is one of the world's largest providers of 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" investments and has offices in 16 countries. In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the firm has offices located in Chicago, New York and Toronto. Man Investments has been at the forefront of the international alternative investment industry for two decades. The firm has launched over 450 alternative investment vehicles in many countries, and manages over $54.0 billion worldwide as of June 30, 2006. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion