AlixPartners takes 65K sf at Vornado’s 909 Third Avenue

Financial company moved from LeFrak Organization’s 40 West 57th Street

New York /
Jun.June 02, 2015 05:45 PM

Financial consulting company AlixPartners is relocating to a similarly sized office of 65,000 square feet in Vornado Realty Trust’s 909 Third Avenue, between East 54th and 55th streets.

The deal is for a 12-year sublease from Actavis, with asking rents in the $50s per square foot, according to the New York Observer. The firm moved from LeFrak Organization’s 40 West 57th Street, between Fifth and Sixth avenues.

“While the relocation was for the same amount of space, the 909 Third Avenue sublease allows AlixPartners to house significantly more employees due to better configuration, while also realizing substantial savings” said CBRE’s Silvio Petriello who represented AlixPartners along with Ben Friedland and Mike Wellen.

Actavis was represented by CBRE’s Howard Fiddle, Anthony Dattoma and Evan Fiddle.

The 36-story building was constructed in 1968 and designed by Emery Roth & Sons.

Earlier this year, advertising firm the Interpublic Group expanded its lease there by 100,000 square feet. [NYO] — Tess Hofmann

 

Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Clockwise from left: Vornado's Steven Roth with 61-19 Junction Boulevard, Rego Park, Silverstein Properties' Larry Silverstein with 44-01 Northern Boulevard in Astoria and BEB Capital's Bert Brodsky with 1065 Atlantic Avenue in Bedford–Stuyvesant (Images via Google Maps, Getty Images, BEB Capital)
Vornado, Silverstein, BEB propose major mixed-use projects
Vornado, Silverstein, BEB propose major mixed-use projects
SL Green buys stake in 1601 Broadway for $121M
SL Green buys stake in 1601 Broadway for $121M
SL Green buys stake in 1601 Broadway for $121M
Vornado leasing 77K sf to school in 825 Seventh Avenue
Vornado leasing 77K sf to school in 825 Seventh Avenue
Vornado leasing 77K sf to school in 825 Seventh Avenue
478-482 Broadway and 155 Spring Street with KPG Funds founders Gregory Kraut and Rod Kritsberg (VNO, KPG)
Office developer is buyer of Vornado’s Soho buildings
Office developer is buyer of Vornado’s Soho buildings
Vornado CEO Steve Roth and 770 Broadway (VNO, Wegmans)
Wegmans to replace Astor Place Kmart
Wegmans to replace Astor Place Kmart
arrow_forward_ios

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

Loading...