The U.S. arm of Japan-based financial firm Orix USA Corporation signed a 20,123-square foot lease at Vornado Realty Trust and SL Green Realty’s 280 Park Avenue.
The lease is for 10 years, and will see the firm taking space across the entire 40th floor of the 43-story Midtown building, the Commercial Observer reported.
Asking rents were $115 per square foot, according to the publication. Orix USA is a tenant at 485 Lexington Avenue, where it has just over 14,078 square feet.
Last month, Wells Fargo was in late-stage talks on a renewal-and-expansion deal to take 40,000 square feet at the building.
JLL’s Martin Horner represented Orix USA, and Peter Turchin of CBRE represented the landlords. [CO] — Miriam Hall