Investment Manager Staying Put at SL Green’s 600 Lexington Avenue
An international investment firm has reupped its three-floor lease at SL Green Realty Corp.’s 600 Lexington Avenue.
Commercial Observer has learned that MKP Capital Management has renewed its 25,995-square-foot space for more than five years at the building between East 52nd and East 53rd Streets. The firm currently occupies the 16th through 18th floors, according to a press release provided by the landlord.
An SL Green spokeswoman said the investment manager has been based at the 300,000-square-foot property since 2010. Asking rent in the renewal was $85 per square foot, she added.
SL Green leasing chief Steven Durels noted in prepared remarks that the 36-story tower is “a magnet for financial firms because of its boutique-size floors flooded with natural light, floor-to-ceiling windows and upscale lobby.”
John Mambrino and Evan Margolin of Savills Studley represented the tenant and declined to comment via a spokeswoman. Larry Swiger represented SL Green in-house.
Popular sandwich shop Pret A Manger signed a deal in June 2014 to occupy a portion of the building’s retail section, as CO reported at the time. The eatery took a 2,577-square-foot corner section at the Midtown property.
Some of the other office tenants at the building include Nissan and aviation firm NetJets, a Berkshire Hathaway subsidiary.