Amsterdam, Lowe of Cushman & Wakefield with Duran, Durkin of Holly Duran and Weissleder, Burrowes of Sherwood Equities close lease expansion for CMA: 8,144 s/f

Credit Market Analysis Limited (CMA), the credit information specialist, has expanded its space at 370 Lexington Ave. from 3,695 to 8,144 s/f, according to Jeffrey Katz, CEO of Sherwood Equities, Inc., which bought the 26-story, 307,000 s/f office building with institutional investors in 2008. CMA's expansion at 370 Lexington Ave. entails its relocation from part of the seventh floor to a portion of the second floor. Tenant brokers for the CMA lease are David Amsterdam and Rob Lowe from Cushman & Wakefield, and Holly Duran and Lois Durkin from Holly Duran Real Estate Partners LLC. Brokers for the landlord are in-house senior leasing agents Adam Weissleder and Jill Burrowes. "We are delighted that CMA has chosen to extend its lease and more than double the size of its space in our building," said Weissleder. "CMA's commitment to 370 Lexington Ave. is a testament to the high level of service provided by the building to all of our tenants, along with our very convenient Grand Central location. CMA had many choices in this market, but we were able to make their decision to relocate in the building very easy. As an existing tenant in the building, they knew well that they would be working with a landlord that recognizes their needs and prides itself on making the entire transaction as easy as possible," Weissleder said. "The building's recent upgrades have not gone unnoticed," said Burrowes. "As a tenant in our building, CMA has been able to experience these improvements firsthand, and the feedback from CMA - as well as other tenants and new prospective tenants - has been very positive. What's more, CMA's expansion in the building - coupled with our success on the newly renovated 17th floor build-to-suit program - has allowed us to expand this program to the entire 11th floor of 13,600 square feet, which is underway and is already receiving significant interest." Founded in 2001 by credit specialists, CMA has offices in London and New York. The company was purchased in March 2008 by CME Group, which is the world's leading and most diverse derivatives exchange. Sherwood Equities is a New York City based, privately held real estate investment and development company established in 1952. Long known for its contribution to the development of Times Square, Sherwood has become a major player in the Hudson Yards area, as well as other parts of Manhattan. In addition to owning or developing some of Manhattan's most prominent properties, such as 2 Times Square, 1 Times Square and 1600 Broadway, Sherwood is currently expanding its acquisition and development pipeline throughout the city.