24 Hour Local Real Estate News

Related Lands Another Sizable Lease at 55 Hudson Yards

Slated to open in 2018, 55 Hudson Yards will stand 51 stories and span 1.3 million square feet. Slated to open in 2018, 55 Hudson Yards will stand 51 stories and span 1.3 million square feet.

NEW YORK CITY—Just weeks after announcing a major lease deal with a law firm for well in excess of 130,000 square feet, the Related Companies reports it has secured a lease of more than 75,000 square feet with an investment advisory firm at its 55 Hudson Yards office tower.

Third Point LLC has signed a 10-year lease for 75,064 square feet on the top three floors of the 51-story 1.3 million-square-foot office building currently under construction on 11th Avenue between 34th and 35th streets.

Third Point, a registered investment advisory firm led by CEO Daniel Loeb, will occupy the entire 50th and 51st floors, as well as half of the 49th floor at 55 Hudson Yards. The firm, which has more than $18 billion under management, is currently located at 390 Park Ave. (The Lever House).

JLL’s Alexander M. Chudnoff, vice chairman, and SVP Dan Turkewitz led the team that represented Third Point. Related Companies was represented by CBRE’s Howard Fiddle, vice chairman; Robert Alexander, chairman, New York tri-state region; and SVP Emily Jones. Representing Related in-house were VP Stephen Winter, SVP Andrew Cantor and Jordan Bargas, associate.

In late July, the law firm Cooley LLP signed a lease for 130,000 square feet of space on the upper floors of the tower building. Cooley LLP will relocate from the Grace building at 1114 Ave. of the Americas once construction on the 55 Hudson Yards building is completed sometime in 2018.

 Other tenants that have recently signed leases in the building include Point 72 Asset Management LP; Silver Lake, MarketAxess Holdings Inc.; Milbank, Tweed, Hadley & McCloy; Boies Schiller Flexner LLP and Intercept Pharmaceuticals Inc.

 

Copyright 2017. ALM Media Properties, LLC. All rights reserved.