Brigade Capital Management Renews and Grows at Boston Properties’ 399 Park Avenue – Hedge Fund Office Space

May 8, 2013

Lance Leighton

Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Brigade Capital Management Inks Office Space Renewal and Expansion at 399 Park Avenue

 


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.

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