Five Mile Capital Partners Opens New York Office
Michael Ewing Sept. 13, 2013, 3:30 p.m.
Five Mile Capital Partners LLC will be opening a satellite office in New York.
The Samford, Connecticut-based alternative investment and asset management company with more than $2 billion of assets under management will be opening another office in addition to their headquarters.
The company will take a 8,565-square-foot space on the sixth floor of RXR Realty-owned 1330 Avenue of the Americas.
The building is particularly well-known for attracting boutique financial services firm in Midtown, as well its iconic presence south of Central Park.
Michael Burlant of Cushman & Wakefield was instrumental in bringing the tenant to the location and represented them on behalf of leasing negotiations. RXR Realty was represented in-house in the transaction.
The lease is one of five that were recently signed at 1330 Avenue of the Americas. The others include GCA Savian, an independent investment banking firm, that renewed its lease for 10,400 square-feet on the 28th floor. Prime Finance relocated its offices within the building, trading in its 2,130-square-foot space in favor of a 4,669-square-foot space on the 27th floor.
Hentschel & Company and BeaconLight Capital LLC leased 4,748 square-feet and 3,715 square-feet, respectively.
The building, which prides itself on Five Star amenities and its view of Central Park, spans 526,000 square feet and has a slew of available spaces. The offices availabilities range from 3,600-square-foot partial floors on lower levels to full 10,400-square-feet floors on the upper levels, offering views over the park and fetching rents in the $90s to $100 per square foot.
The sizable amount of availability comes from Pearson, which vacated the building in the middle of January. Cushman & Wakefield was brought on by RXR to fill the 100,000-square-foot void that was left upon departure.