Silverstein and Wasserberger of EQ Office collaborate with NKF to secure lease expansion with ExodusPoint Capital – 35,710 s/f

 

 

Manhattan, NY EQ Office has signed ExodusPoint Capital to a lease expansion to grow the company’s headquarters to 35,710 s/f at Park Ave. Tower.

Reported to be one of the largest hedge fund start-ups, with $8 billion in capital at the time of its launch this summer, ExodusPoint Capital has occupied the entire 9th floor of EQ Office’s 36-story Midtown office tower since March of this year.  The 17,832 s/f expansion includes the entire 10th floor.

EQ Office was represented in-house by Scott Silverstein and Simon Wasserberger, as well as by a Newmark Knight Frank team of Brian Waterman, Jared Horowitz, Ben Shapiro, Brent Ozarowski and Lance Korman. ExodusPoint Capital was represented by Neil Goldmacher, Brian Goldman, and Matthew Lorberbaum of Newmark Knight Frank.

“ExodusPoint Capital is a valued tenant at Park Ave. Tower, and we are pleased to accommodate the firm’s impressive growth,” said Silverstein, leasing manager at EQ Office. “Park Ave. Tower has become the preferred destination for the city’s most cutting-edge and sophisticated companies. They are drawn to its inspiring workspaces, contemporary design, extensive services, and prestigious address surrounded by many of the world’s finest financial institutions and cultural destinations.”

EQ Office completed a major repositioning of Park Ave. Tower, which transformed the building into a fully modernized office destination.  Since concluding the renovation program, EQ Office has secured 249,000 s/f  of new leases, welcoming blue-chip financial firms, asset managers and other businesses.

The centerpiece of the reimagined Park Ave. Tower is The Club, a 20,000 s/f tenant amenity space below the lobby of the building. For The Club, EQ Office partnered with FitLore and Convene to craft the city’s most comprehensive and integrated lifestyle and wellness amenity program.  The space features a fitness facility, business lounge and conference center, all enhanced by community programming that makes it an extension of the workplace. 

In addition, EQ Office reimagined Park Ave. Tower’s outdoor plaza, transformed the lobby with a contemporary design, and upgraded the building’s mechanical systems as part of the modernization program.

The ExodusPoint Capital expansion follows recent agreements with global financial services firm BTIG, which signed a 65,365 s/f lease that encompasses three full floors of the tower and includes the use of a ground floor private entrance and elevator bank, and technology innovator CLEAR, which signed a 24,640 s/f lease that encompasses one full floor and a portion of another floor.

Park Ave. Tower is located between 55th and 56th Sts. at the epicenter of the Plaza District. Built in 1986, the 620,000 s/f building with views of the city skyline and Central Park and features high ceilings, large windows, and efficient floor plates. It is surrounded by world-class retail, superior hotels, and luxury residential buildings. Other tenants include the Raine Group, Monday Properties, ICM Partners, Oak Hill Capital Management, TowerBrook Capital Partners L.P., Stephens Inc., Avista Holdings, LLC, Cyrus Capital Partners, East Rock Capital Management, and National Bank of Canada.