Novus Partners Signs 200 Park Avenue Sublease



Novus Partners has signed a sublease from British bank Barclays at the MetLife Building at 200 Park Avenue, Commercial Observer has learned.

The financial data analytics business signed a short-term deal for an 18,375-square-foot portion of the 27th floor. The company will relocate from 130 East 59th Street on a deal through May 2017. 

Met Life Building. (Credit: Tishman Speyer)
Met Life Building. (Credit: Tishman Speyer)

Founded in 2007, Novus Partners bills itself as “a platform for the industry’s top investors to collectively innovate.” In addition to New York, the company operates offices in San Francisco and Zurich.

IgnitionOne, a digital marketing firm, signed a similar sublease deal, taking the remaining 25,949-square-foot portion of the 27th floor of the building. The tenant will pay rent in the mid-$30s per square foot, according to CompStak data cited by The Real Deal, which first reported the lease last month.

As reported by The Wall Street Journal last year, Barclays is marketing approximately 500,000 square feet of office space for sublease at 1301 Sixth Avenue and 200 Park Avenue. The majority of Barclays’ New York operations are based at 745 Seventh Avenue, which the bank acquired in bankruptcy court from Lehman Brothers Holdings, the defunct financial services firm.

Alexander Chudnoff and Scott Vinett of JLL represented both Novus Partners and IgnitionOne. Barclays was represented by Mitchell Konsker and Dan Turkewitz, also of JLL.