Two Creeks Capital Management Signs at 40 West 57th Street
Michael Ewing April 4, 2014, 11:26 a.m.
Two Creeks Capital Management has signed a lease in Midtown.
The small financial services firm will take a 13,487-square-feet spread in the LeFrak Organization-owned 40 West 57th Street. The deal comes in light of three others that were inked at the building, including those by Darsana, which took a 7,250-square-foot space, and Incline Global, a hedge fund, which took nearly 4,000-square-feet.
Howard Fiddle of CBRE was responsible for representing the landlord in the transaction. Christopher DiFalco of DiFalco & Fernandez represented the tenant in the ten-year deal. Neither party could be reached for comment.
The building is largely dominated by financial services firms, with tenants like JP Morgan‘s Highbridge Capital Management, the hedge fund Elliot Management, and Northern Trust, which took 25,000 square feet on the 21st floor last summer. VF Sportswear, the owner of popular brands like Nautica, North Face, Timberland, and several others, took 100,000 square feet to renew its sportswear division within the building, Commercial Observer reported a few months ago.
The building is one of many in the LeFrak Organization portfolio that focuses on Class A office space throughout the country. Forty East 57th Street is its gem in New York with 9701 Wilshire Boulevard in Beverly Hills serving as its West Coast equivalent as a home to several distinguished financial services firms.