Repositioning of Mens Apparel Building well underway.Reckson Associates Realty Corp. has announced that the repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of its property, 1350 Avenue of the Americas, known over the last decade as the 'Men's Apparel Building', is well underway with the signing of two new high profile leases. The new tenants, Highbridge Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Peter Schoenfeld Asset Management, LLC have each signed ten year leases at the office tower, making official the building's transformation to an elite location for boutique asset management and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms. The new lease agreements with Highbridge Capital and Peter Schoenfeld are the first of several from among the financial services sector anticipated at the property as Reckson pursues its strategy of repositioning 1350 Avenue of the Americas to appeal to prestigious corporations from within that sector. Reckson expects approximately 126,000 more square feet of office space will become available in November. Highlights of the two new leases include: * Highbridge Capital Management, LLC, a multi-strategy global 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" with over $6 billion in current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. under management leased 12,583 s/f encompassing the entire 21st floor. The firm is expanding from its former location at 9 West 57th West 57th can refer to:
* Peter Schoenfeld Asset Management, LLC, a London and New York-registered investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and with $925 million in assets management in a multi-strategy event portfolio and a credit opportunities portfolio leased 12, 583 sq feet encompassing the entire 22nd floor. The firm is relocating from 1330 Avenue of the Americas. Alex Chudnoff and Steven Bauer of Cushman & Wakefield, Inc represented Peter Schoenfeld Asset Management, LLC. "Right 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. the schedule and strategy we drew up when we acquired the property, 1350 Avenue of the Americas is now undergoing an historic transformation in tenant base built on Reckson's continuous commitment to re-invest in our properties to ensure they appeal to an outstanding quality of tenant and meet those tenants' operational, aesthetic and business objectives," commented William Elder, Senior Vice President and Co-Director 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. Division. "We are very pleased that both Highbridge Capital Management and Peter Schoenfeld Asset Management have made Reckson their long-term Landlord of Choice. Their moves to 1350 Avenue of the Americas reflect the attractiveness and strength of this prestigious property's location and high-tech infrastructure and underline the success of Reckson's value-added approach in transforming the property to a primary New York City address for prominent financial services corporations." Located in prime mid-town Manhattan on the Avenue of the Americas between 54th and 55th Streets, the 35-story, 547,000s/f, Class A office tower features panoramic views over Manhattan including Central Park, the Hudson and East Rivers and offers superior services and amenities and a wide range of floor plates. The property, which was acquired by Reckson effective January 2000, has since undergone an impressive capital improvement program. In addition to the redesign of the lobby by noted architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. firm, Moed de Armas & Shannon, Reckson recently installed an important new art collection, and will be adding a new restaurant to the premises. Corridors and bathrooms have also been upgraded. Further, a state of the art generation plant targeted to increase power reliability to meet tenants' growing demands was commissioned earlier in the year. |
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