Hedge Fund Servicer Takes Built-Out Sublease at 420 Fifth

Hedge fund specialist Reval.com has subleased 29,406 square feet on the fifth floor of 420 Fifth Avenue. The company was previously at 100 Broadway. Reval decided to move based on a need for more space, following a two-year company expansion, and began searching in 2009. It will sublease the built-out space for six years from Macquarie Holdings USA, Inc., taking possession as of July 1.

Dirk Hrobsky, Peter Rivelas, Gary Ceder, David Burton and Andrew Sansom of UGL Equis represented the tenant. Robert Tanzmann of Cushman & Wakefield represented Macquarie.