Mudrick Capital Signs 27K-SF Lease at Paramount’s 31 West 52nd Street
By Mark Hallum April 30, 2025 1:04 pm
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Mudrick Capital is moving its New York City headquarters within Midtown.
The investment manager signed a 12-year, 27,000-square-foot lease at the Paramount Group’s 31 West 52nd Street, with plans to vacate its current digs four blocks away at Mitsui Fudosan America’s 527 Madison Avenue, Bisnow first reported.
Mudrick will be moving to the 16th floor of the building between Fifth Avenue and Avenue of the Americas, where asking rent was $92 per square foot, according to Bisnow.
JLL (JLL)’s Frank Doyle, David Kleiner and Andrew Coe negotiated on behalf of the Paramount Group while Patrick Heeg and Thomas Hines of Transwestern handled the deal for Mudrick Capital.
JLL and Transwestern did not immediately respond to requests for comment.
Other tenants in the building include law firm Wilson Sonsini Goodrich & Rosati, which signed a 16.5-year deal for 119,000 square feet in April 2023 in space that had been previously occupied by law firm Clifford Chance.
Clifford Chance moved into a larger, 144,000-square-foot space at Brookfield Properties’ 2 Manhattan West the year prior, leaving a giant vacancy in Paramount’s building.
The 29-story tower is also home to Pillsbury Winthrop Shaw Pittman.
Mark Hallum can be reached at mhallum@commercialobserver.com.
