Wealth management firm grabs two floors in Helmsley Building

Unit of Lebenthal Holdings signs on to take 43,000 square feet for six years

TRD New York /
Apr.April 08, 2014 03:40 PM

A wealth advisory firm has signed a contract to sublet more than 40,000 square feet of space at Invesco’s Helmsley Building above Grand Central Terminal.

Lebenthal Wealth Advisors, a division of Lebenthal Holdings, will lease the full 31st floor with 22,382 square feet and the full 32nd floor with 20,913 square feet at 230 Park Avenue from HSH Nordbank, according to a press release from commercial brokerage Cassidy Turley.

HSH Nordbank will relocate to the 34th floor, which has 17,406 square feet of newly renovated office space, according to the listing. The sublease expires in August of 2020.

Peter Occhi, Stephen Bellwood, Theadora Livadiotis and Emily Bush of Cassidy Turley represented Lebenthal, while Silvio Petriello and Nicolas Weld of CBRE represented HSH Nordbank.

“Our team was confident that demand for this renowned space would be strong and brokered a deal within six weeks,” Occhi, a managing director at Cassidy Turley, said in the release. The 34-story, 1.29 million-square-foot building between 45th and 46th streets is anchored by Dutch insurance giant ING, which also has 144,000 square feet on the 13th and 14th floors as of August last year, as previously reported. — Angela Hunt


Related Articles

arrow_forward_ios
Clockwise:  CBRE's Michael Remer, Richard Hodos and Joel Stephen with the Wizarding World Building at 935 Broadway (Images via CBRE)

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal

CBRE’s Hodos and other Muggles win REBNY award for Harry Potter deal
(iStock)

Look out below: Major real estate services firms brace for falling earnings

Look out below: Major real estate services firms brace for falling earnings
Brookfield Property Partners' Brian Kingston, Silverstein Properties' Larry Silverstein and Empire State Realty Trust's Anthony Malkin (Getty)

Real estate firms lead cautious return to NYC offices

Real estate firms lead cautious return to NYC offices
Hana CEO Andrew Kupiec, The Real Deal's Hiten Samtani and Hana's EVP of Occupier Solutions Georgia Collins

The REInterview: How flex space could upend supply-demand dynamics in the office market

The REInterview: How flex space could upend supply-demand dynamics in the office market
Matthew James (Credit: ABC)

First black “Bachelor” for ABC comes from real estate world

First black “Bachelor” for ABC comes from real estate world
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

“For years we all laughed at them”: office brokers warm to virtual tours

“For years we all laughed at them”: office brokers warm to virtual tours
Director of Research & Analytics for CBRE Tri-State Nicole LaRusso, Vice Chairman & Director at Savills David Goldstein, and President of Newmark Knight Frank's Tri-State region David Falk

How to open up our offices on tonight’s TRD Talk

How to open up our offices on tonight’s TRD Talk
arrow_forward_ios

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

Loading...