Lease Beat

Meister Seelig & Fein Inks Deal at 125 Park Avenue

125 Park Avenue

Commercial law firm Meister Seelig & Fein has signed a 15-year-lease for 56,764 square feet at SL Green’s 125 Park Avenue.

The move into the seventh and eight floors of the 655,000-square-foot, 26-floor building is a significant upgrade from the firm’s current 38,000-square-foot space at 2 Grand Central Tower.

“While many law firms are cutting Read More

Lease Beat

Financial Protection Bureau Signs First New York Lease At 2 Grand Central Tower

2 GCT

The Financial Protection Bureau established its first New York outpost by signing a 21,000-square-foot lease at 2 Grand Central Tower. The bureau will occupy part of the third floor and the entire fourth floor at the Midtown building purchased last year by Rockwood Capital. The 10-year lease was done for rents around $50 per square foot. Paul Amrich, Vice Chairman in CBRE‘s Brokerage Services Group, led a team representing the landlord. David Leest, a broker with Brody Realty Corp., represented the bureau.

The regulatory agency was established last year as a result of the Dodd-Frank Act, legislation passed to guard consumers in the wake of the financial crisis and Great Recession. The bureau sought a space that would place it near the financial services companies it works with–the headquarters of Bank of America, JPMorgan Chase, Citibank and Wells Fargo are within a few blocks of 2 Grand Central Tower, on 45th Street between Lexington and Third Avenues. Read More

Lease Beat

2 Grand Central Tower Fills 42nd Floor

Courtesy of The Egge Adventure

ED&F Man have signed a ten-year lease for an office in Rockwood Capital’s 2 Grand Central Tower.

The commodities, logistics, and risk management services firm will grab 22,014 square feet spanning the entire 42nd floor and some of the 41st floor. The firm is in the process of moving in with small work being done Read More

Power Broker

Paul Amrich: Young Gun

Paul Amrich. (Photo courtesy Katie Khouri)

With his clean-cut suits and boyish good looks, it’s hard to imagine Paul Amrich laboring under the summer sun like a grunt, lugging around materials on a construction site.

But when he was a high school and college student years ago, that’s just what he spent his breaks doing, courtesy of his father, a construction engineer who was able to get Mr. Amrich work on sites he was consulting on.

“You name it, I carted brick and concrete to the bricklayers, lugged sheetrock,” said Mr. Amrich. “It kind of teaches you the value of education. It makes you appreciate the opportunity to be in a city like New York and to be able to walk in and work at a good company. I’m psyched every day.” Read More

Lease Beat

Banorte Securities is Moving Up Thirty Floors at 140 East 45th Street

From the second floor to the thirty-second!  (Courtesy New York Times)

Banorte Securities, a Mexican financial firm based in Monterrey, is expanding its New York office at Rockwood Capital‘s building at 140 East 45th Street.

Banorte has been a second-floor tenant of the building for the past seven years, but recent growth and a fast approaching lease expiration has pressured expansion. The bank will be moving to an 8,500-square-foot office on the 32nd floor. Read More