search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
New York

Hedge fund Contour doubles space at 99 Park Avenue

Paul Glickman and 99 Park Avenue
Paul Glickman and 99 Park Avenue

Hedge fund Contour has reached an agreement to add 50 percent more space to its current location at 99 Park Avenue.

The company, which previously had about 2,900 square feet in the location just two blocks south of Grand Central, will spread to about 4,500 square feet on the 26-story building’s 15th floor, taking over additional pre-built office space.

Sign Up for the undefined Newsletter

Asking rents in the building, owned by Eastgate Realty, are in the $50s per square foot. Contour will hold a four-year lease, which extends the current agreement from the previously-inked two-year lease.

A brokerage team led by Jones Lang LaSalle’s Paul Glickman managed the deal for the landlord, while Newmark Grubb Knight Frank’s Eric Cagner represented the tenant.

“You’re starting to see the boutique financial sector grow,” Cagner told Crain’s. “But after the last downturn, they’ve also figured out how to do more with less.” [Crain’s] — Julie Strickland

Tags
Eastgate RealtyPaul Glickman