Brady of Jack Resnick & Sons negotiates 13,284 s/f lease to RP Management

RP Management has signed a long-term direct lease for the entire 13,284 s/f 33rd floor at Jack Resnick & Sons' office tower at 110 East 59th St. The firm was previously a sub-tenant in the building. The 37-story blockthrough office tower houses a host of financial services firms. Michael Goldman, executive managing director and Daniel Posy, managing director of Studley represented RP Management LLC in the 10-year leasing deal. Dennis Brady of Jack Resnick & Sons represented the building owner. Since 1996, Royalty Pharma has partnered with and invested in research institutions, inventors as well as biotechnology and pharmaceutical companies nationwide and now owns royalty interests in 17 biopharmaceutical products approved by the U.S. Food and Drug Administration (FDA). With five products currently in clinical trials, Royalty Pharma has become a global leader in acquiring royalty interests. A full-service real estate organization, Jack Resnick & Sons has been an industry leader in development, construction, ownership and management since its founding in 1928. Its Manhattan portfolio currently includes approximately six million square feet of prime office and retail space, including 75 Park Place, 880 Third Ave.and 485 Madison Ave. It also has developed thousands of residences and continues to own, manage and lease approximately 1,000 rental apartments.