Financial firms lease at 510 Madison in pair of deals

Boston Properties’ Midtown office tower now almost fully occupied

New York /
Jul.July 23, 2013 03:00 PM

UPDATED, 9:45 a.m., July 24: Two more financial firms are taking up residence at 510 Madison Avenue, shelling out nearly triple-figure rents, Crain’s reported.

Canada Pension Plan Investment Board (CPPIB), one of the world’s largest pension plans and 400 Capital Management have signed on for full floors of the building, with the former taking up the 11,500-square-foot 15th floor and the latter committing to the 17th floor in the 31-story, 350,000-square-foot building.

Asking rents for the 10-year leases were $100 per square foot for both floors, but the take was slightly less, Crain’s reported.

Paul Amrich and Christie Harle, both of CBRE, represented 510 Madison Avenue’s landlord, Boston Properties. David Hollander and Sam Seiler, also of CBRE, represented 400 Capital Management in its lease. Amrich and Harle also handled that transaction for Boston Properties. Amrich and CBRE’s Neil King represented CPPIB. [Crain’s]Julie Strickland

Correction: A previously published version of this story omitted the names of Christie Harle and Sam Seiler, both of CBRE. 


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