Axonic Capital Inks a Sublease for the Entire 15th Floor at RFR’s 390 Park Avenue – Lever House

Lever House – 390 Park Avenue

Due to a rising level of confidence in the marketplace, there has been a tremendous amount of activity for high-end office spaces in New York City.  390 Park Avenue, better known as Lever House, is one of the most highly sought after office buildings in NYC (and perhaps the world).  Owned by real estate tycoon and prominent art collector, Aby Rosen, the building is most recognizable for its unique architecture, rotating artwork, noteworthy tenant roster and boutique floorplates.  Stemming from its desirability, location and small floorplates, the asset commands some of the highest rents in The City.  Accordingly, when a new tenant takes space, it is big news. 

390 Park Avenue – Lever House Courtyard

Axonic Capital, the trading and investment firm founded by Goldman Sachs veteran, Clayton DeGiacinto, subleased the Entire 15^th floor for seven years from Stone and Youngberg (now a division of Stifel Nicolaus).  The floor, which was built and furnished to a very high standard, features floor-to-ceiling glass and incredible Park Avenue exposures.  Taking rents were reportedly in the triple digits.    

Looking for high-end office space?  Click here for a free report of the best available office spaces in New York City.

390 Park Avenue – Lever House

660 Madison Avenue – Terrace with Views

660 Madison Avenue, Jacob Safra’s crown jewel on the corner of East 61^st Street, also dubbed “The Barneys Building”, has an incredible office suite available for lease.    The partial 16^th floor measures a mere 4,254 rentable square feet but has a large useable terrace overlooking Central Park that is nearly the same size.  The space is perfect for a small hedge fund, private equity firm, or any other boutique financial services company.  The outdoor space has northern and eastern exposures and is ideal for smoking your Cohiba (or whatever else you fancy), entertaining guests, or simply getting off the trading desk.

Looking for high-end office space?  Click here for a free customized report.

The building recently underwent extensive renovations to the lobby, elevator cabs, common corridors and mechanical systems.  Notable tenants include Falcon Edge Capital, LionTree Capital, Lexington Partners and Scoggin Capital.  Asking rent for the space is $130 per square foot.  Click here for a proposed trading layout.

660 Madison Avenue – Luxury Office Space

660 Madison Avenue – Renovated Lobby

660 Madison Avenue – Extra Large Terrace

660 Madison Avenue – Extra Large Terrace

660 Madison Avenue – Extra Large Terrace

With great pleasure, we are pleased to announce that LH Financial, a boutique financial services firm, has inked a 10 year, 6,553 square foot lease at 510 Madison Avenue.

Click here for the link in today’s Commercial Observer, quoting Lance Leighton of HedgeFundSpaces.com / Studley.

510 Madison Avenue – Glass and Steel

Known as one of the best hedge fund and financial services buildings in New York City, the asset is one of Midtown’s newest office towers.  The luxury building boasts column-free, highly efficient floorplates, floor-to-ceiling windows, extra high ceilings and a 7,000 square foot fitness center for executive use only.  Additionally, there is a useable terrace with outdoor space for tenant’s use.

510 Madison Avenue – Signage

510 Madison Avenue – Tourneau

LH will be joining a prestigious tenant roster, including, Steve Cohen’s SAC Capital, Valinor Management, Senator Investment Group, Chieftain Capital, Thiam and Co., CTIC Securities, Fore Research and Management, KLR Group and Tourneau.

Looking for high-end office space?  Click here for a free customized report.

280 Park Avenue, a joint investment between publicly traded real estate companies Vornado and SL Green, is in the process of undergoing extensive renovations to the lobby, elevator cabs, facade and building systems.  Upon completion of the much needed $125 million facelift, the asset will undoubtedly become one of the most prestigious addresses on Park Avenue and in The Plaza District.  Formerly home to the NFL and Deutsche Bank, the building has a tremendous amount of office space available in the base of the building.  However, the most coveted suite, the partial 43^rd floor penthouse (6,678 rsf), is available as well.

280 Park Avenue – Exterior Rendering

280 Park Avenue Rendering

280 Park Avenue – Lobby Rendering

Unlike most traditional office spaces on Park Avenue, the penthouse at 280 Park Avenue offers soaring ceiling heights, extra-large windows and breathtaking views.  Additionally, the floorplan is highly conducive to trading firms and hedge funds.  The building’s leasing team has plans to demolish the existing installation and will build-to-suit an incoming tenants needs.  Asking rent for the space is about $150 per square foot.

280 Park Avenue Penthouse

Looking for high-end office space?  Click here for a free customized search.

399 Park Avenue at Night

399 Park Avenue, the trophy asset owned by Boston Properties and home to Citibank’s executive team, had a tremendous amount of activity over the past year.  Big name tenants such as Epoch Investments, The Jordan Company, First Manhattan Securities and Simon Properties Group, accounted for nearly 200,000 square feet worth of new leasing in the midtown office tower.  In addition to these groups committing to the building, an existing tenant Brigade Capital Management, the investment firm founded by Don Morgan and Pat Kelly in 2006, recently inked a deal to renew its existing lease and expand its operations within the trophy asset.  Asking rents were reportedly in the mid $90’s per square foot.

Looking for an office space?  Click here for a free customized search.

Brigade Capital Management – 399 Park Avenue

Fact- Most people spend more time in their office chair than anywhere else. Not surprisingly, employees who perform at the highest level are often those who work in the most comfortable and healthy environments.

According to Ally Goldman, an Account Executive at WB Wood, one of the largest furniture dealers in the City, “ergonomic seating is a major factor for creating a productive workplace. Contrary to popular belief, task chairs bring much more to the table than simply a place to sit in the office.  In addition to comfort, work chairs provide proper support for the body’s natural alignment, increase attention spans, and enhance thermal comfort, which results in happier employees”.  Although this might sound like hocus pocus, there are actual studies supporting her claim.

The Herman Miller Embody Chair mimics the Skeletal Functions of the Spine

A chair without proper ergonomic support neglects the area between a person’s lower back and the back of the chair, causing one to slouch.  I know that when I used to slouch for the majority of a day, both a headache and backache were inevitable. According to Dr. Brock Walker, a specialist in musculoskeletal disorders, “everyone needs the proper lower back support for optimal concentration, endurance, and good health.” The design of ergonomic chairs “enables the spine to maintain its alignment and supports the natural forward tilt of the pelvis” for healthier posture and to avoid slouching Dr. Walker further explained.  It might sound crazy, but indeed it makes perfect sense.

For jobs that require extended periods of sitting and working on the computer, it is advantageous for the employee to have a good work chair, with lower back support in various positions.  The chair should adjust to your body’s needs and spontaneous movement so your weight is distributed evenly.

In addition to discomfort from sitting all day, one of the top complaints in office space is temperature. An ergonomic chair might be a simple solution to this common issue. For example, the well-known Herman Miller Aeron Chair is comprised of pellicle material (instead of cushions or fabric) that leaves room for your body to breathe and keep cool.  The pellicle prevents the buildup of heat, which can be a primary reason for discomfort.

The Herman Miller Aeron Chair Will Keep Your Employees Cool and Comfortable

Let’s face it, with the average workday lasting 8 hours and 12 minutes, most people spend more time at the office than at home.  With this in mind, it is crucial to have chairs that help employees lead healthier, happier, and more productive lives. Ergonomic chairs are an investment in your company’s most important assets…  YOUR PEOPLE!

For more information on ergonomic chairs, please click here.

HedgeFundSpaces.com is pleased to offer a unique opportunity that isn’t available to the public.  This shared office space sublease is being offered from RSC Solutions.  Located in the best New York City building around Penn Station, One Penn Plaza, the space is currently built with a high-end reception area, glass fronted conference room with unobstructed views, eight glass-fronted executive offices with southern and eastern views (overlooking downtown Manhattan and the Empire State Building) and a large open area with 40+ workstations.  All shared space scenarios will be considered, from a single office or workstation, to the entire premises.  The offices and cubes are “plug-and-play” and include phones, furniture and access to technology.

One Penn Plaza

One Penn Plaza

If interested, please feel free to contact us for an inspection.  Also, click here for a spec flyer with all of the details and floorplan.

About RSC Solutions:

Resource Search Company (RSC), founded in New York, NY in 1997, covers a broad spectrum of IT functions including systems integration, staff augmentation, business intelligence, business process reengineering,and project management. With locations across the eastern seaboard, and over 500 employees, RSC enables mid-market enterprises, Fortune 1000 companies, and government agencies to drive business and improve performance by implementing advanced technologies—carried out by proven, cross-industry experts that are dedicated to providing a higher level of service than our competition.

GM Building

The GM Building, one of the best hedge fund office buildings in New York City, has an incredible furnished sublease opportunity on the partial 8^th floor.  The space is currently built with seven windowed offices, three conference rooms, pantry, reception and open trading area.  The installation can likely accommodate 40+ trading positions and receives a tremendous amount of natural light.

The sublandlord is asking $75 psf and the term can be anywhere from 3-5 years.  Additionally, furniture and phones can be made available for an incoming subtenant’s needs.

Parking in Building

Conference Room

Apple Store at GM Building

GM Building Furnished Sublease

GM Building Sublease- Cubicles

Looking for an office space sublease?  Click here for a free customized space report for your requirement.

540 Madison Avenue, the Midtown building once anchored by billionaire hedge funder Stevie Cohen, has one of his last remaining built and furnished floors available.  The entire second floor measures 15,100 rentable square feet and is currently built with 17 perimeter offices, 2 conference rooms, pantry, robust IT room, reception area and a raised trading floor.  The unit is built to a very high standard and boasts extra-high ceilings, floor-to-ceiling windows and is fully furnished / plug and play.  The premises features supplemental HVAC in the IT closet and on the trading floor, as well as backup generator capabilities.

540 Madison Avenue

Click here to contact us for the asking rent.

Looking for other office spaces?  Click here for a free and instant survey of available spaces.

540 Madison Avenue – Corner Conference Room

540 Madison Avenue – Furnished Office

540 Madison Avenue – Furnished Trading Space

During the aftermath of Hurricane Sandy, many buildings were completely out of commission due to power outages.  The storm prevented many financial firms from conducting basic business, as well as more complex operations such as trading.    In an effort to protect themselves from future incidents, many New York City based hedge fund, private equity, and boutique financial service tenants are now considering buildings with backup generators.  Below is a list of Class A Buildings With backup generator capacity.

New York City Office Buildings With Generators

Click here to download the map of NYC Office Buildings with Generators

1 Bryant Park
11 Time Square
11 West 42^nd Street
140 East 45^th Street
12 East 49^tH Street
40 West 57^tH Street
250 West 55^th Street
787 Seventh Avenue
1095 Avenue of the Americas
1140 Avenue of the Americas
1177 Avenue of the Americas
1290 Avenue of the Americas
1301 Avenue of the Americas
1325 Avenue of the Americas
452 Fifth Avenue
505 Fifth Avenue
330 Madison Avenue
510 Madison Avenue
590 Madison Avenue
635 Madison Avenue
120 Park Avenue
200 Park Avenue
245 Park Avenue
299 Park Avenue
320 Park Avenue
600 Third Avenue
666 Third Avenue
909 Third Avenue