Hank Greenberg’s I-Firm Takes 120K Feet in Zuckerman’s 399 Park


399 park ave property shark Hank Greenberg’s I Firm Takes 120K Feet in Zuckerman’s 399 ParkThe investment firm belonging to Maurice “Hank” Greenberg, of AIG notoriety, last week signed a new, meaty lease for 120,000 square feet of old Lehman Brothers office space at 399 Park Avenue.

C. V. Starr & Co. already has 20,000 square feet of offices at 399 Park, so this new lease is something of a mega-expansion, and also something of a consolidation, as the firm will also be relocating employees from about 90,000 square feet at Vornado Realty Trust’s 90 Park Avenue.

SEE ALSO: Peraton Inks 100K-SF Lease for HQ in Reston Town Center

“We are broadening the reach of our businesses and growing our workforce, and expanding rapidly,” said Amy Foote, a C.V. Starr spokeswoman.

This is the second sizable lease at Boston Properties’ 40-story tower. This summer, The Observer broke the news that Ken Moelis’ investment bank had taken a 96,000-square-foot lease in the same building.

CB Richard EllisPeter Turchin represented Boston Properties, which is chaired by Mort Zuckerman, in negotiations with Cushman & Wakefield’s John Picco, who represented the investment firm. Neither would comment for this story.