The Carlyle Group Expands for the 4th Time at One Vanderbilt

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Private equity giant The Carlyle Group can’t get enough of One Vanderbilt.

Carlyle plans to expand to 33,924 square feet on the entire 32nd floor of SL Green Realty Corp.’s 58-story tower between East 42nd and East 43rd streets, Commercial Observer has learned.

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The deal — the fourth time that Carlyle has expanded in the building — brings the private equity firm’s presence to 194,702 square feet spanning the 34th to 38th floors, according to tenant broker JLL. Asking rent in One Vanderbilt ranges from $150 to $200 per square foot on the lower floors, with space on the top floor reportedly seeking a record $322 per square foot.

Carlyle will take over the space from law firm Greenberg Traurig, which took around 130,000 square feet across four floors at One Vanderbilt in 2018, a source with knowledge of the deal said. Carlyle signed a sublease with Greenberg Traurig, then negotiated a direct deal with SL Green, the source said.

The private equity firm first signed on to take 95,152 square feet at One Vanderbilt in 2018, then added another 32,592 square feet later that year, as CO previously reported. Carlyle expanded its 15-year lease a third time in 2019 by taking the entire 45,954-square-foot 34th floor of the skyscraper.

JLL’s Joe Messina, Steven Rotter, Jessica Berkey, Andrew Lutzer, Gregory Lubar and Steve Spartin represented Carlyle. Moshe Sukenik and Brian Cohen of Newmark brokered the sublease for Greenberg Traurig. CBRE’s Robert Alexander, Ryan Alexander, Emily Chabrier and Alex D’Amario handles leasing for SL Green in the tower. A spokesperson for CBRE declined to comment and a spokesperson for Newmark did not immediately respond to a request for comment.

“One Vanderbilt is one of the city’s premier trophy assets, offering unparalleled amenities, views and location while providing a superior tenant experience in the heart of Midtown,” Messina said in a statement.

Despite opening during the pandemic amid a battered Manhattan office market, SL Green leased 227,670 square feet at One Vanderbilt in the second quarter of this year from tenants that included MSD Partners, Mamoura Diversified Global Holding and Kyndrel.

Nicholas Rizzi can be reached at nrizzi@commercialobserver.com.