Financial Services Firm Leaving 5 Bryant Park for Tower 46
By Rey Mashayekhi November 13, 2018 6:10 pmreprints
Financial services firm XP Securities is moving its offices to Tower 46 after inking a lease for 22,518 square feet at the SL Green Realty Corp.-owned Midtown office tower, Commercial Observer has learned.
XP signed a 10-year deal for the entire 30th floor at the 34-story, 348,000-square-foot office building at 55 West 46th Street between Fifth Avenue and Avenue of the Americas, according to sources with knowledge of the transaction. The investment brokerage is relocating its New York offices several blocks north from the Savanna-owned 5 Bryant Park, and is nearly tripling the roughly 7,500 square feet it was occupying on that building’s 29th floor.
Asking rent in the deal was $88 per square foot, sources said. A CBRE team of Peter Turchin, James Ackerson, Christie Harle and Cara Chayet represented SL Green in the transaction, while CBRE’s Jared Freede, Eric Deutsch and Thomas Haughton represented XP.
“We are delighted to welcome XP Securities to Tower 46,” Steven Durels, SL Green’s executive vice president and director of leasing and real property, said in a statement.
Durels said the financial services firm joins tenants including telecommunications giant Comcast, law firm Nixon Peabody and investment firm Fir Tree Partners, “who have all been attracted to Tower 46 by its column-free floors, state-of-the-art infrastructure, 14-foot height floor slabs, sweeping views and in-building amenities which include an executive fitness center and parking garage.” He also noted the building’s “walking convenience” to both Grand Central Terminal and Bryant Park.
Representatives for CBRE could not immediately be reached for comment.
Earlier this year, SL Green secured two new full-floor tenants at Tower 46—with hotel industry software provider TravelClick and investment management firm Millburn Ridgefield Corporation each taking just over 22,500 square feet, as CO reported at the time.