A growing private equity firm moved to its third location in four years to
take nearly 10,000 square feet of sublease space in a Paramount Group
Plaza District office tower at 712 Fifth Avenue. Manhattan-based private equity firm CapitalSpring moved from 488 Madison Avenue to take 9,734 square feet on the 23rd floor of the 52-story building at the corner of 56th Street and Fifth Avenue, according to a statement from tenant broker UGL Equis. CapitalSpring picked up the remaining six and a half years from
sublandlord JL Thornton & Company for the entire floor, in a
building where leases at the height of the market were in the upper
$100s per square foot, UGL Equis broker and managing director Dirk
Hrobsky said.
Gordon Ogden and Benjamin Mohr of Byrnam Wood represented JL Thornton. [more]