London-based bank HSBC is bucking the current trend among financial firms of in the city of shaving space, and is instead adding a total of 75,000 square feet to their Madison Avenue outpost.
The firm has inked a deal for an additional two floors at 330 Madison Avenue, adding floors 12 and 13 to its current spread across the 40-story building’s entire fifth floor.
The move comes as the bank reshuffles certain divisions at its 452 Fifth Avenue New York headquarters, with plans to expand business lines it aims to keep at the Fifth Avenue locale.
Jones Lang LaSalle’s Peter Riguardi represented HSBC in the deal, while the Vornado Realty Trust-owned tower had in-house representation. Glen Weiss, a Vornado exec who overseas leasing of the company’s portfolio, also participated in the expansion negotiations. [Crain's] — Julie Strickland