HC Wainwright takes 16,400 sf at Midwood’s 430 Park

TRD New York /
Oct.October 26, 2013 04:00 PM

HC Wainwright, an investment bank focusing on corporate finance and strategy, is relocating its offices to 430 Park Avenue in a 16,400-square-foot, two-year sublease. The 19-story Midtown East office tower  is owned by Midwood Properties and the new tenant will have the option to stay after the current sublease expires. HC Wainwright had formerly been located at 570 Lexington Avenue.

“HC Wainwright was looking to expand into a space that it could reformat to its precise specifications, and 430 Park was perfect,” Corey Abdo, a broker at EVO Real Estate Group, said in a statement.  ”The space is already bifurcated, allowing HCW to separate its bankers, traders and research staff, according to SEC regulations.”

Abdo handled the transaction for HC Wainwright, while Dana Pike of George Comfort & Sons represented the sub-landlord, who was not disclosed, Crain’s reported.

The new lease is one of the first since the Frank Lloyd Wright-designed showroom on the ground floor, which had been leased by Mercedes-Benz since the 1950’s, was demolished, according to Crain’s. [Crain’s]Christopher Cameron


Related Articles

arrow_forward_ios
731 Lexington Avenue and 410 East 61st Street (inset) with Vornado's Steve Roth (Googel Maps; VNO)

Home Depot eyes former Bed Bath & Beyond space on First Ave

Home Depot eyes former Bed Bath & Beyond space on First Ave
Ian Schrager and the Pulic Hotel at 215 Chrystie Street (Getty; Google)

$60M mezz loan on Ian Schrager’s Public Hotel is for sale

$60M mezz loan on Ian Schrager’s Public Hotel is for sale
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
Signature Bank CEO Joseph DePaolo and New York Community Bank CEO Joseph Ficalora (Photos via Getty; Facebook; iStock)

NYC’s multifamily lenders see shares tumble in 2020

NYC’s multifamily lenders see shares tumble in 2020
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate

Korean wave pours into U.S. commercial real estate
The Martinique hotel (Wikipedia, Google Maps)

Operator of Martinique Hotel in Manhattan files for bankruptcy

Operator of Martinique Hotel in Manhattan files for bankruptcy
CEO Mark Tritton and 410 East 61st Street (Getty, Google Maps)

Bed Bath & Beyond will permanently close UES store

Bed Bath & Beyond will permanently close UES store
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...