Keating of Rudin Management lease 30,356 s/f to Evercore Partners at 40 East 52nd Street

In an important Plaza District move, Evercore Partners, an independent investment banking advisory firm, will soon expand its operations into the Rudin Family's office tower at 40 East 52nd St. The financial services company has signed a nine-year, 30,356 s/f lease comprising the entire 11th block through office building, located between Park and Madison Aves, with entrances at both 52nd and 51st Sts. Evercore, which advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions, expects to move into its new space by June. The company is retaining its existing offices across the street at 55 East 52nd St. "We're delighted that one of the elite names in the international financial community has chosen 40 East 52nd St. to continue its growth and expansion in the New York marketplace," said Bill Rudin, co-vice chairman and CEO of Rudin Management Co., the operating arm of the Rudin Family holdings. "This transaction is a key indicator that the financial services sector is maintaining its status as a signature industry in midtown Manhattan." Alan Desino of Colliers International represented the tenant in the long-term transaction, while Tom Keating of Rudin Management represented the building's ownership in-house.