Tech-focused Two Sigma Investments has signed for an additional 47,000 square feet at 101 Avenue of the Americas, as The Real Deal reported. The investment management company signed for 60,000 square feet in the Edward J. Minskoff Equities building between Watts and Grand Streets last year.
Two Sigma’s expansion spans the 15th through 17th floors of the 23-story building adding to the its space on the top four floors of the building. The company, which has $20 billion in assets under management, will occupy roughly a quarter of the building’s 425,000 total square feet. The firm will pay rents starting in the $70s per square foot, according to TRD.
Another tech-centered company, Blue Slate Digital, which provided digital and media services for President Barack Obama’s 2008 and 2012 election campaigns, signed a five-year lease for the 15,600-square-foot 12th floor in the building last year, Commercial Observer previously reported.
Building ownership was represented by Paul Glickman, Mitchell Konsker and Jonathan Fanuzzi of JLL, who all did not immediately return a request for comment.
Greg Taubin and Matthew Barlow of Savills Studley represented Two Sigma in its previous lease in the building. A spokeswoman from Savills Studley declined to comment regarding whether the firm was involved in the current deal.
A spokeswoman from Two Sigma declined to comment on the deal.