SJP signs hedge fund to lease at 11 Times Sq.

Kepos Capital is relocating from 620 Eighth Avenue

New York /
Mar.March 16, 2018 01:30 PM

Steven Pozycki and 11 Times Square

Hedge fund Kepos Capital inked a deal to take to 20,000 square feet at SJP Properties11 Times Square.

The alternative investment firm took the part of the 35th floor at the Times Square property in a 10-year deal, the Commercial Observer reported.

Kepos plans to relocate to the 40-story, 1.1 million-square-foot tower between West 41st and 42nd streets in August from its current home at 620 Eighth Avenue – the New York Times Building – where it occupies about 17,000 square feet.

The asking rent in the deal was not immediately clear.

JLL’s Paul Glickman and Diana Biasotti represented SJP, which owns the tower with PGIM and Norges Bank. Ben Friedland and Michael Movshovich negotiated on behalf of Kepos, which was founded in 2010 by a trio of former Goldman Sachs partners. The company manages $3 billion in assets.

SJP’s tower is anchored by the law firm Proskauer and Microsoft. Madrid-based entertainment company Parques Reunidos is developing a 45,000-square-foot entertainment complex with film studio Lionsgate in the tower’s retail space. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
(Tropicana Las  Vegas via Facebook, Bally's Corp)
Bally’s buys Las Vegas’ Tropicana casino for $150M
Bally’s buys Las Vegas’ Tropicana casino for $150M
Jake’s 58 (Google Maps, iStock)
Suffolk OTB to acquire Jake’s 58 in $120M deal
Suffolk OTB to acquire Jake’s 58 in $120M deal
4 Park Avenue (Feil Organization)
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
With 30K-sf lease, SUNY Empire shrinks Manhattan footprint
604 Fifth Avenue and Minamoto Kitchoan president Kemmei Okada (Photos via Google Maps, Minamoto Kitchoan)
Fifth Avenue’s Childs Building sells for $45M
Fifth Avenue’s Childs Building sells for $45M
Vornado’s Steven Roth and One Park Avenue (Getty, Vornado)
Here’s what tenants are paying at One Park Ave
Here’s what tenants are paying at One Park Ave
(Getty)
Different state, same problem: Office availbility soars in NJ
Different state, same problem: Office availbility soars in NJ
Brian Feil of the Feil Organization and 360-370 Fulton Street (Google Maps)
Feil Organization to buy Downtown Brooklyn development portfolio
Feil Organization to buy Downtown Brooklyn development portfolio
Photo illustration of Brookfield Property Partners’ Brian Kingston (Brookfield, iStock)
Struggling hotel company handing Brookfield the keys
Struggling hotel company handing Brookfield the keys
arrow_forward_ios

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

Loading...