Hedge Fund Office Spaces

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Brand New Pre-Built Sublease Near Grand Central – 55 West 46th Street

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Lance Leighton

Brand New Office Space Sublease from Fir Tree at Tower 46

In 2014, SL Green acquired the upper floors of 55 West 46th Street, a brand new office building formerly known as Gem Tower, for $275 million from Extell Development.  Fir Tree, a large hedge fund, was the first tenant to lease space in the building- taking approximately 31,000 rentable square feet for 10 years.  Understanding that it has time to grow into its space over 10 years, Fir Tree decided to pre-build the partial 28th floor and offer it for sublease on a short-term basis.

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Measuring 2,868 square feet, this brand new pre-built unit is constructed with three offices, a conference room, and open area for 8-10 employees (click here to see a floor plan). The space is built to SL Green’s highest and newest standard with full height glass office fronts, stainless steel finishes, and a highly efficient column-free floor plate. The space features high ceilings and floor-to-ceilings windows with outstanding views. Term is flexible with a preference towards 4-5 years. Available immediately, Fir Tree has never occupied the space and is making furniture available for an incoming subtenant. 55 West 46th Street is a great option for Grand Central focused funds with an affinity for bran
d new construction.

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