Avison Young arranges 26,400 s/f office lease for Federated Investors, Inc. at 101 Park Avenue

Avison Young, one of the world's fastest-growing commercial real estate service firms, arranged a 26,400 s/f office lease on behalf of Federated Investors, Inc., at 101 Park Ave. The lease comprises the tower's entire 41st floor. The Avison Young team of principal Greg Kraut, based in the firm's New York City office, and principal Brad Totten, who works in Avison Young's Pittsburgh office, led the assignment on behalf of Federated. John Cefaly and Clark Finney of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co., LLC. "We were able to move quickly to identify an ideal, full-floor location in an iconic building that will afford Federated greater office space efficiency for its New York City operations," said Kraut. "The company's new location features great views and a lot of natural light, and is within proximity to Grand Central Terminal, providing ease of access to Manhattan's foremost transit hub for both Federated's employees and the company's clients." Federated will take occupancy of its new space at 101 Park Avenue in December 2014, upon completion of its build-out. Avison Young's New York City-based project management team, led by Principal and Managing Director Edward Walsh and Director Kirsten Beck, is overseeing the design and construction of Federated's new office.