Financial services firm inks 30K sf deal at RXR’s 450 Lex

StepStone Group relocating from the Lipstick Building

New York /
Feb.February 23, 2018 12:00 PM

Scott Rechler and 450 Lexington Avenue (Credit: RXR)

Financial services firm StepStone Group signed a lease for 30,000 square feet at RXR Realty’s 450 Lexington Avenue.

StepStone signed a 10-year lease for the full 37th floor in the 39-story tower, the Commercial Observer reported. Asking rents at the top of the 910,000-square-foot tower range between $115 and $130 a square foot.

The financial services company is relocating from the Lipstick Building at 885 Third Avenue on Aug. 1.

RXR controls the property via a ground lease it signed in 2012 for $720 million with the Dubai-based investment firm Istithmar World.

Other tenants include the law firm Davis Polk & Wardwell.

RXR’s Lauren Ferrentino negotiated the deal in-house alongside a CBRE team of Michael Affronti, Silvio Petrillo and Ryan Alexander. Savills Studely’s David Carlos represented StepStone. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
The Princeton Club flag in front of 15 West 43rd Street (Google Maps)
Paper Tigers: Princeton Club defaults on $39M mortgage, may lose digs
Paper Tigers: Princeton Club defaults on $39M mortgage, may lose digs
Donald Trump with the Trump National Golf Club Westchester (Trump National Westchester, Getty)
Trump Organization facing criminal probe over Westchester golf course
Trump Organization facing criminal probe over Westchester golf course
Cushman acquires 40% stake in Greystone lending business for $500M
Cushman acquires 40% stake in Greystone lending business for $500M
Cushman acquires 40% stake in Greystone lending business for $500M
Durst Organization Chairman Douglas Durst, Venable LLP Chairman Stuart Ingis and 151 West 42nd Street (Getty, Venable)
Durst’s One Five One inks 158K sf lease for law firm tenant
Durst’s One Five One inks 158K sf lease for law firm tenant
Signature Bank CEO Joseph DePaolo (Signature Bank, iStock)
Signature Bank reports record results
Signature Bank reports record results
Ira Zlotowitz, president of Eastern Union, is starting his own company (Photo Illustration / Getty, Eastern Union)
Ira Zlotowitz leaving Eastern Union to start new company
Ira Zlotowitz leaving Eastern Union to start new company
1 North Moore and Platinum Properties CEO Khashy Eyn (Google Maps, Platinum Properties)
Tribeca penthouse rents for $85K per month, possibly setting NYC record
Tribeca penthouse rents for $85K per month, possibly setting NYC record
Hudson Yards (Getty, iStock)
City’s bet on Hudson Yards beginning to pay off
City’s bet on Hudson Yards beginning to pay off
arrow_forward_ios

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

Loading...