Info. Tech Provider Relocating to H.J. Kalikow’s 101 Park
Lauren Elkies Schram Feb. 12, 2015, 1:15 p.m.
Hitachi Data Systems is relocating to 24,250 square feet at H.J. Kalikow & Company‘s 101 Park Avenue, a source with intimate knowledge of the deal told Commercial Observer. The information technologies, services and solutions provider will be taking the entire 10th floor in the 629-foot-tall building between East 40th and East 41st Streets. The asking rents were in the high-$70s/low-$80s per square foot.
JLL‘s Alexander Chudnoff and Scott Vinett represented Hitachi in the 11-year deal and Cushman & Wakefield‘s John Cefaly and Augustus Field negotiated on behalf of HJ Kalikow. Spokespeople for the brokers did not immediately respond to a request for comment.
Hitachi Data Systems, which will be moving from 90 Park Avenue, was established in 1989 as a joint venture between Hitachi, Ltd., and Electronic Data Systems Corporation, and became a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan, in 1999, according to the company’s website. The company has 5,900 employees worldwide and does business in more than 100 countries and regions. Hitachi will be moving into its new digs in the second quarter of the year.
Tenants at 101 Park include anti-poverty organization Tiger Foundation, Morgan Stanley and Convene, a New York-based operator of conference center facilities.