SummitTX Capital relocates to Rudin’s 560 Lexington Ave.

Manhattan, NY Rudin finalized a lease agreement with hedge fund SummitTX Capital at 560 Lexington Ave., its 22-story, 380,000 s/f office tower in the Plaza District.

SummitTX signed an 11-year lease for 17,778 s/f on the 19^th floor. SummitTX will relocate from its offices at 75 Rockefeller Plaza this fall.

Rudin was represented in-house by Kevin Daly, in addition to the CBRE team of Peter Turchin, Brett Shannon, Eric Deutsch, Jacob Rosenthal and Lauren Levy. SummitTX was represented by Cushman & Wakefield.

“SummitTX’s relocation to 560 Lexington Ave. speaks to the strength of their business and the quality of the environment we’ve created here,” said Kevin Daly, vice president of office leasing at Rudin. “Our significant investments in the property’s amenity program, combined with its prime location just a block off Park Avenue and a short walk to Grand Central, make 560 Lexington a compelling home for growing firms.”

“Our move to 560 Lexington reflects the continued expansion of our team and our long-term commitment to growing our presence in New York,” said Brian Peller, managing director and chief operating officer at SummitTX Capital. “As we add talent across investment and operational functions, securing an expanded physical footprint provides the flexibility and infrastructure to support our growth, including attracting and retaining top-tier professionals while fostering collaboration across our platform.”

Set for completion this April, SummitTX employees will benefit from 560 Lexington’s brand-new 6^th floor amenity suite with a multi-purpose conference room, private meeting room, lounge, an indoor/outdoor terrace and food and drink offerings. With wood flooring, marble backsplashes and contemporary furnishings, the space offers a sleek environment to support collaboration and client engagement. In addition, the tower features on-site subway access and is located just two blocks from Grand Central.