MarketAxess takes 83K sf at 55 Hudson Yards

Company is ditching 299 Park Avenue

TRD New York /
Aug.August 23, 2016 11:37 AM

An electronic trading platform is ditching its Park Avenue digs for Hudson Yards.

MarketAxess has inked a lease for 83,000 square feet across three floors at 55 Hudson Yards, the New York Post reported. The company is moving its global headquarters from the Fisher Brothers’ 299 Park Avenue. Its new home, a 1.3-million-square-foot, 51-story tower, is being developed by the Related Companies, Oxford Properties Group and Mitsui Fudosan America.

The terms of the lease were not immediately available. CBRE’s Brad Gerla represented MarketAxess in the deal. The building owners were represented by CBRE’s Robert Alexander and Howard Fiddle and by Related’s Stephen Winter.

In April, the law firm Milbank, Tweed, Hadley & McCloy signed a letter of intent to lease nine floors of the tower. A few months later, Point72 Asset Management, the company charged with managing Steven Cohen‘s $11 billion fortune, signed a 175,000-square-foot lease at the $1.4 billion building.

Crain’s reported yesterday that about 2 million square feet of office space will soon be vacant along Park Avenue, where buildings average 55.6 years, and generally feature lower ceilings and structural columns.

Last week, Equity Residential founder Sam Zell told Bloomberg that too much office space is flooding the market, saying that while Hudson Yards is adding 10 to 12 million square feet of office space, he doesn’t “see 10 to 12 million square feet of demand[NYP] — Kathryn Brenzel


Related Articles

arrow_forward_ios
55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)

Here’s how much Facebook is paying at Hudson Yards

Here’s how much Facebook is paying at Hudson Yards
42-50 24th Street and (from left) Arnold, Kenneth, Steven and Winston Fisher (Credit: Google Maps)

Fisher Bros. wants to bring a 240-unit mixed-use project to LIC

Fisher Bros. wants to bring a 240-unit mixed-use project to LIC
Apple in advanced talks for 55 Hudson Yards office space

Apple in advanced talks for 55 Hudson Yards office space

Apple in advanced talks for 55 Hudson Yards office space
Private equity firm relocating from Lever House to Third Avenue

Private equity firm relocating from Lever House to Third Avenue

Private equity firm relocating from Lever House to Third Avenue
Watch: New York’s most active developers of 2018

Watch: New York’s most active developers
of 2018

Watch: New York’s most active developers
of 2018
A $12B fintech firm is relocating to Fisher Brothers’ 605 Third

A $12B fintech firm is relocating to
Fisher Brothers’ 605 Third

A $12B fintech firm is relocating to
Fisher Brothers’ 605 Third
Owner of Quality Meats inks 20-year lease at 1345 Sixth Avenue

Owner of Quality Meats inks 20-year lease at 1345 Sixth Avenue

Owner of Quality Meats inks 20-year lease at 1345 Sixth Avenue
Labor board rules against “sympathy” strikes at 55 Hudson Yards

Labor board rules against “sympathy” strikes at 55 Hudson Yards

Labor board rules against “sympathy” strikes at 55 Hudson Yards
arrow_forward_ios

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

Loading...