Goldman and Moran of NKF broker 44,100 s/f lease on behalf of Paulson & Co.

Investment management firm Paulson & Co. Inc. has leased the 50th floor of 1251 Avenue of the Americas, a 2.4 million s/f office building located in the Plaza District. Newmark Knight Frank senior managing director Brian Goldman and associate John Moran brokered the 10-year transaction. Newmark Knight Frank executive VP and principal David Falk and senior managing director Peter Shimkin represented the landlord, global real estate investor/manager Mitsui Fudosan America Inc. Paulson & Co.'s lease encompasses the entire 50th floor, 44,100 s/f of the 54-story, class A tower. Originally developed by The Rockefeller Group as the world headquarters of Exxon Corp., 1251 Avenue of the Americas "is one of the finest buildings in Midtown and the best property on Sixth Ave.," said Goldman, "with a standout tenant roster comprised of institutional-quality financial services and investment management firms." The block of space was never officially placed on the open leasing market. Goldman said, "The Newmark Knight Frank team diligently searched the marketplace and our ultimate success on behalf of Paulson was based on our ability to uncover this 'hidden opportunity' and quickly determine it satisfied all of their requirements."