search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” 
Commercial
New York

Cryptocurrency firm is coming to Feil’s 250 PAS

Firm will occupy entire fifth floor of Feil Organization building

Digital Currency Group's Barry Silbert and 250 Park Avenue South (Credit: Twitter and Agorafy)
Digital Currency Group's Barry Silbert and 250 Park Avenue South (Credit: Twitter and Agorafy)

The cryptocurrency company Digital Currency Group is relocating to 250 Park Avenue South.

The trading firm has signed a lease for about 12,000 square feet at the building, which the Feil Organization owns, according to Commercial Observer. Asking rent was in the high $60s per square foot, and the company will take up the entire fifth floor of the building.

Sign Up for the undefined Newsletter

Digital Currency Group will move out of its current home at 636 Avenue of the Americas and into its new office in the fall. The building stands 12 stories tall and spans 134,000 square feet.

Other tenants at 250 Park Avenue South include architecture firm ODA New York and Gramercy Park Digestive Disease Center. [CO] – Eddie Small

Tags
Commercial Real EstateFeil Organization