Lease Beat

Reed Elsevier Closes Deal at 230 Park Avenue

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Professional information firm Reed Elsevier has signed a 10-year, 71,083-square-foot lease for the entire seventh floor at 230 Park Avenue, The Commercial Observer has learned.

“By its size and the tenant on its own, [the deal] means a lot,” Brian Robin, president of Monday Properties, said. “The tenant has exceptional credit and is a very stable organization, which is our sweet spot.” Read More

Lease Beat

Leasing Activity Continues at 101 Park Avenue

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Morgan Stanley has signed a long-term renewal for 39,000 square feet across the 23rd and 24th floors at 101 Park Avenue, it was announced today.

“101 Park Avenue has always been and continues to be a property where our tenants are able to provide their employees and clients the best environment possible for conducting business,” said Peter Kalikow, owner and developer of 101 Park Avenue, in a statement. “I am proud of the fact that 101 Park Avenue has such a prestigious roster of tenants who recognize value and stay for a long time.” Read More

Lease Beat

Tiger Management Renews at 101 Park Avenue

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Tiger Management has signed a long-term lease renewal for 79,200 square feet at 101 Park Avenue. The company will continue to occupy the entire 33rd, 47th and 48th floors.

“As an original tenant, Tiger has grown from a small investment firm into a world renowned hedge fund,” said Peter Kalikow, developer and owner of 101 Park Avenue, in a prepared statement. “We are proud that they join a long list of tenants who have called 101 Park Avenue home from the property’s inception.” Read More

The Horseman

Clark Finney had been working as a broker for only four months when he landed his first big deal, a sublease on behalf of a hedge fund owned, not coincidentally, by a friend’s father.

The informal connection paid off for Mr. Finney, who, despite stiff competition for the hedge fund’s business, signed Read More