The Real Deal New York

Hedge fund firm now has more than 100,000 sf at Edward Minskoff’s 101 Sixth

Two Sigma Investments takes three more floors at Hudson Square property

July 28, 2014 04:02PM
By Hiten Samtani

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101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

101 Sixth Avenue (Credit: CoStar Group) and Edward Minskoff

Hedge fund manager Two Sigma Investments is expanding at Edward Minskoff’s 101 Sixth Avenue in Hudson Square, The Real Deal has learned. Two Sigma is taking an additional 47,000 square feet at the property, after a 60,000-square-foot deal last year.

In the new deal, Two Sigma will take floors 15 through 17 at the 23-story, 435,000-square-foot building and will pay rents starting in the $70s per square foot, according to a source familiar with the transaction. The company, which manages about $18 billion according to Forbes, already occupies the 20th through 23rd floors.

Minskoff was represented by JLL’s Paul Glickman, Mitchell Konsker and Jonathan Fanuzzi. Representatives for the brokerage declined to comment. Two Sigma was represented in its initial deal at the property by Savills Studley’s Greg Taubin and Matthew Barlow, but it is unclear if they were involved in the expansion deal. Representatives for Savills Studley declined to comment.

Other large tenants at the building include the New York Genome Center, which occupies about 175,000 square feet, and shared office space provider Regus, which holds about 32,000 square feet.

(Adam Pincus contributed reporting)

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