Aberdeen Asset Management Inc. will be opening an office in New York.
The international investment firm signed a 11,000 square foot lease in 712 Fifth Avenue. The firm is run out Aberdeen, Scotland, but has large investment desks in London, Philadelphia, and Singapore. The new office will occupy the entire 49th floor of the 52-story 540,000 square foot building.
At the corner of Fifth Avenue and 56th Street, the higher floors of 712Fifth Avenue overlook Central Park and offer panoramic views of the city.
Eric Kahn, a senior director at First New York Realty Co., brokered the lease for Aberdeen Asset Management. Mr. Kahn did not respond for comment, however. The Paramount Group represented itself with its in-house leasing team of Peter Brindley, Lindsey Huenink, Heather Kahn, and Ted Koltis.
Ted Koltis, senior vice president of leasing, was the lead behind a Paramount Group application for the iPad. The application allows brokers and prospective tenants to easily view any and all spaces available in Paramount Group’s portfolio in New York City, San Francisco, and Washington DC. The application notes that 146,574 square feet is currently available throughout the building with spaces ranging from 2,000 square feet to 13,000 square feet. The asking rent in the building remains around $135 per square foot.
712 Fifth Avenue boasts a strong tenant list including the Vector Group, Robert Cavalli, CVC Capital Partners, Riverstone Holdings, and fashion-house Christian Dior.