Helmsley Trust moves into Helmsley Building
A charitable trust named in part after the late Leona Helmsley is moving into a building once owned by and named after the woman, the New York Observer reported.
The Leona M. and Harry B. Helmsley Charitable Trust has signed a lease for 5,400 square feet at 230 Park Avenue, formerly known as the Helmsley Building. The trust will occupy a space on the fifth floor of the 35-story, 1.4 million-square-foot building at East 45th Street. The space will serve as the charitable organization’s New York office. The trust also has an office in Sioux Falls, South Dakota.
Even though the building is still informally known as the Helmsley Building, Helmsley-Spear Management no longer owns it. The property is currently owned by a joint venture between Monday Properties and Invesco.
The trust moving in follows two other tenants signing leases in the property. Dallas-based financial services company Comerica will occupy 1,800-square-feet on the sixth floor, while Little Rock, Arkansas-based Bank of the Ozarks will occupy 2,400-square-feet on the ninth floor.
The three leases follow investment management giant ING recently expanding its presence in the building from 55,000 square feet to 144,000-square-feet across the entire 13th and 14th floors. [NYO] – James Comtois