Compass Group Re-signs Lease in Midtown East
The Compass Group, an investment management firm based in Westport, Conn., is renewing its lease in Midtown East.
First reported by the New York Post, the company has renewed its lease for its 7,800-square-foot-space at 135 East 57th Street at Lexington Avenue, encompassing the entire 30th floor of the Class A property. The new lease takes effect on Jan. 1, 2015.
According to the Post, the asking rent was in the $90s per square foot. The length of the lease was not immediately clear.
Colliers International’s David Kaplansky represented Compass in negotiations. The landlord, Cohen Brothers Realty Corp., was represented by Marc Horowitz in-house.
“The Compass Group is a premier asset management firm that wanted to remain in the Plaza District,” Mr. Kaplansky said in prepared remarks. “This magnificent trophy tower offers incredible, unobstructed views and a cachet that dovetails with the tenant’s client profile.”
Mr. Horowitz did not immediately return a request for comment.
The Compass Group also has offices in Buenos Aires, Bogota, Mexico City, Lima, Miami, Montevideo and Santiago.