Peconic Partners Moves Headquarters to 599 Lexington Avenue
Peconic Partners, a private investment firm, has signed a 8,623-square-foot lease at 599 Lexington Avenue. The firm is over doubling its office space, as it is relocating from its 3,600-square-foot office on the top floor of the 30-story building located at 350 Park Avenue between East 51st and East 52nd. The asking rent in the 10-year lease was $110 per square foot for the entire 46th floor of the 47-story building. Boston Properties recently renovated the building for $15 million, including an upgraded lobby, elevator cabs, and mechanical system. Boston Properties is also investing another $260 million in the surrounding neighborhood at 399 Park Avenue and 601 Lexington Avenue.