Ladenburg Thalmann & Co. has inked a sublease in Midtown, the Commercial Observer has learned.
The financial services firm will take Brean Capital‘s 40,000-square-foot office space in the General Electric Building at 570 Lexington Avenue. The office, which covers two connected floors, was placed on the market earlier this year as Brean Capital moved to another building in the area to maximize efficiency.
In one of the largest real estate deals in recent memory, Comcast will purchase from General Electric the properties used by NBCUniversal at iconic 30 Rockefeller Plaza and CNBC Headquarters as part of its acquisition of GE’s remaining 49 percent equity stake in the media company, it was announced earlier this week.
Though the building is owned by Tishman Speyer, the office and studio space at 30 Rock involved in the deal is owned by GE and is considered a commercial condo. GE will keep space in the building on the 52nd and 53rd floors.
The real estate component of the deal accounts for approximately $1.4 billion of the $16.7 billion transaction and trumps the $1.1 billion sale of the Sony Building to the Chetrit Group last month.