Darien Rowayton Bank, a lender that specializes in student loan refinancing, has inked a 4,550-square-foot lease to move its offices to a larger space within Cammeby’s Management Company’s 1995 Broadway.
The bank will occupy the entire 14th floor of the building between West 67th and West 68th Streets. It currently shares half of the 4,550-square-foot eight floor with financial planner West Side Advisors for its 14 employees, but will leave that space behind for its new digs. The bank is also hiring 20 more workers for the larger office, which will allow it to expand its technology and marketing capabilities.
Asking rent in the seven-year deal was in the $60s per square foot, according to a spokesman for the bank, which did not have a broker in the transaction.
Darien Rowayton Bank’s expansion “is a testament to the rapid growth we have experienced, and the growth we expect to continue to experience as we innovate and seek out new ways to serve our borrowers,” Aryea Aranoff, the chief strategy officer for the company, said in a news release.
A representative for Cammeby’s Management and an executive at Glen Equities, which handles leasing for the building, did not return requests for comment.
Darien Rowayton Bank was formed in 2006 and recently announced that in addition to student loan refinancing, it will begin offering home mortgages later this year.
The firm also signed a new lease to move its Connecticut headquarters to 855 Main Street in Bridgeport, Conn. from 1001 Post Road in Darien, Conn. The new HQ will be comprised of 11,900 square feet, making room for 120 employees.