The Real Deal New York

Pzena Investment takes 36,000 square feet at 320 Park

Influential hedge fund firm moving out of current location at 120 West 45th Street

June 25, 2014 11:07AM

Savills Studley's Ken Ruderman and 320 Park Avenue

Savills Studley’s Ken Ruderman and 320 Park Avenue

Investment management firm Pzena Investment Management is departing 120 West 45th Street for a new eighth-floor spread at 320 Park Avenue.

The company will take 36,996 square feet in the 35-story building, which is owned by Mutual of America and occupies a full block front between 50th and 51st Streets, the New York Post reported. Ken Ruderman of Savills Studley represented the tenant in the deal, while Frank Doyle, Dave Kleiner and Don Kollar of Jones Lang LaSalle represented the landlord.

Space in the building runs from the mid-$80s per square foot in the base to as much as $120 per square foot in the tower floors, sources told the Post. [NYP, 3rd item]Julie Strickland

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