Centerview Signs Pricey Expansion With Paramount
Daniel Geiger Aug. 9, 2012, 1:12 p.m.
Centerview Partners, a financial firm, has signed a nearly 18,000-square-foot expansion deal at 31 West 52nd Street.
The company is known as a specialist in structuring and advising clients on mergers and acquisitions and has been hiring staff according to written reports.
Centerview will take a portion of the 660,000-square-foot building’s 21st floor for over six years in the deal. According to sources, the company will pay around $95 per square foot for the space.
The new floor is contiguous to the Centerview’s existing offices in the building, which are located on the entire 22nd floor, a roughly 27,000 square-foot-space. The company will now occupy a total of about 45,000 square feet at the property, which is owned by the Paramount Group.
The M&A firm has been picking up banking executives from larger financial institutions. In late July, it was reported that JP Morgan Chase investment banker Adam Beshara, was leaving the bank to join Centerview. Last summer the company also recruited two prominent hires Marc Puntus and Sam Greene from the firm Miller Buckfire.
According to brokers, the company is one among a number of boutique financial services companies to pick up talent as larger banks in the city have either let go of staff or have had trouble retaining talent amid stagnant or slow growth.