This $8B hedge fund startup is growing at Park Avenue Tower

Park Avenue Tower
Park Avenue Tower

Hedge fund ExodusPoint Capital is expanding by almost 18,000 square feet at the 36-story Park Avenue Tower.

The company will grow by 17,800 square feet, which will bring its total footprint to about 35,700 square feet, according to Commercial Observer. It will occupy the entire ninth and 10th floors of the 65 East 55th Street building, run by landlord EQ Office.

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The hedge fund launched in June with a reported $8 billion in capital and has occupied the building’s ninth floor since March. It is unclear how long its expansion deal is for. The building’s asking rents range from $90 to $150 per square foot.

EQ Office has also recently leased 65,000 square feet at the building to the financial services firm BTIG Partners and 26,600 square feet to the tech security firm CLEAR. [CO] — Eddie Small