The Real Deal New York

Tilden Park Capital takes 452 Fifth penthouse

December 08, 2013 04:00PM

452 Fifth Avenue

452 Fifth Avenue

WEEKENDEDITION Fixed-income-focused alternative asset manager Tilden Park Capital Management is moving its headquarters from 900 Third Avenue to the 452 Fifth Avenue.

The firm signed a 16,140-square-foot lease for the entire 28th-floor penthouse at the PBC USA Real Estate-owned building, which came on the market for first time in July. Asking rents at the 865,000-square-foot Class A building are over $100 per square foot, according to the New York Observer.

“The Tilden Park lease is just the latest example of the high-profile financial industry companies that have made 452 Fifth Avenue their headquarters over the past two years,” Alicia Popper, senior vice president of leasing and construction at PBC USA Real Estate, said in a statement. “With the completion of this major deal we now only have the top two penthouse floors available for lease at the property. Given the success we have enjoyed thus far, we do not anticipate this unique space to be on the market for long.”

Popper worked with an exclusive leasing team from CBRE consisting of Craig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender. [NYO]Christopher Cameron

MENU