Cushman & Wakefield announced today that Tiger Management LLC, a New York-based hedge fund, has renewed its lease at 101 Park Avenue, located between 40th and 41st Streets.
Tiger Management LLC has signed a long-term lease renewal for 79,200 square feet in the 49-story building. The company is a longstanding tenant in the building and will continue to occupy space on the entire 33rd, 47th and 48th floors.
“As an original tenant, Tiger has grown from a small investment firm into a world renowned hedge fund,” said Peter Kalikow, developer and owner of 101 Park Avenue. “We are proud that they join a long list of tenants who have called 101 Park Avenue home from the property’s inception.”
A Cushman & Wakefield team led by John Cefaly, Executive Vice Chairman, Gus Field, Vice Chairman, Clark Finney, Senior Director, and David McBride, Senior Director, serve as exclusive leasing agent and represented ownership, Kalikow Properties, in the transaction. Martin Horner, Barbara Winter and Reid Longley of Jones Lang LaSalle represented the tenant.
“We are extremely pleased that Tiger Management chose to renew its headquarters' lease at 101 Park Avenue. It further demonstrates 101 Park Avenue's reputation as one of the finest buildings in Midtown Manhattan,” said Cefaly. “101 Park Avenue continues to attract and retain the most prestigious financial and legal firms in the City of New York.”
101 Park Avenue is a Class-A building located in Midtown Manhattan’s Grand Central neighborhood. The office building is conveniently located near Grand Central Terminal and major subway lines. More than 60 percent of tenants that leased space in the building since its inception are still doing business at the prestigious 101 Park Avenue address.