Information database developer, 10Gen, was looking to become the latest technology firm to set up shop in Midtown South but found a more attractive option further north, taking 29,400 square feet at 229 West 43rd Street—the old New York Times Building—and was offered an asking price between $70 and $80 per square foot. The five Read More
The Malaysian bank Malayan Banking Berhad is expanding at 400 Park Avenue. The company commonly known as Maybank originally subleased part of the ninth floor of the 22-story building on Park Avenue at 58th Street in 1984. Now, it will move into 14,812 square feet of office space occupying the entire 11th floor in a new lease direct with owner Waterman Interests.
Daniel Horowitz and Gary Kerper of Studley represented Maybank, while Drew Isaacson represented Waterman in-house. Mr. Horowitz said that discussions had been taking place over the last year. Asking rents at 400 Park Avenue range from $80 per square foot on the base floors to $100 per square foot on the top floor.