MF Global’s Former Park Avenue Plaza space at 55 East 52nd Street has been spoken for. Intercontinental Exchange, which provides market services and technology for trading commodities, will take the two-floor, 90,000-square-foot space, The New York Observer reported. The new lease for Intercontinental Exchange (ICE) comes amid a consolidation effort to bring several of its Manhattan locations under one roof.
MF Global, whose most recent CEO was former New Jersey Governor Jon Corzine, terminated its deal in the building last year after declaring bankruptcy, amid a scandal in which the company is said to have improperly transferred money out of customer accounts. MF Global’s $41 billion collapse ranks as the eighth largest bankruptcy in American history.