Lever House Hedge Fund Sublease

390 Park Avenue, also known as Lever House, is one of the most iconic skyscrapers in New York City.  Located between 53rd and 54th Streets, the uniquely designed trophy asset attracts the highest caliber of tenants in Manhattan. Home to telecommunications conglomerate TAP Advisors and private equity powerhouses Jaguar Growth Partners and Wellspring Capital, this boutique office tower is the perfect home for firms with principals’ that have the most discerning of tastes. While Daniel Loeb’s $18 billion hedge fund, Third Point, awaits the completion of their extravagant new digs at 55 Hudson Yards, they plan to leave behind a unique sublease opportunity at 390 Park Avenue.

Designed by TPG Architecture, Third Point spared no expense while constructing their workspace.  Featuring an extravagant interconnecting staircases between floors, a tenant-only fitness center, and a large cafe style pantry, the amenities are both lavish and abundant. Available for occupancy in Q2 2019, the sublease term extends through July of 2023. As you can imagine, there is extremely high-end furniture and infrastructure in place, which a subtenant will be able to capitalize on. The 18th floor is constructed with a mixture of offices and open area, 19th floor is dedicated to conferencing and the 20th floor has perimeter offices and administrative workstations in the center of the premises. These floors must be subleased together.

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