Tangent Capital Partners inked a deal to sublease 12,800 square feet of space on the 23rd floor of 135 East 57th Street, The Commercial Observer has learned.
Roger P. Griswold and Arkady Smolyansky of CBRE represented the tenant. Jeffrey Kilimnick and Robert Kluge of CBRE represented the sublessor, Sansar Capital.
Tangent relocates to the building from 9 West 57th Street, the 50-story, 1.4-million-square-foot tower owned by Sheldon Solow that has some of the highest asking rents in the city. The merchant bank was founded in 2004 by Jim Peet and Bob Rice.
135 East 57th Street has dealt with several high profile tenant departures in recent years. Bank of America left the Class A property for 1 Bryant Park, which opened in 2010. The building is about 45 percent occupied. The financial firm Guggenheim Partners in 2011 relocated from 135 East 57th Street to 190,000 square feet at 330 Madison Avenue. Both buildings are owned by Cohen Brothers Realty Corporation.
CBRE could not be reached for comment.