GoldenTree Asset Administration, a worldwide agency that manages $56 billion in property for institutional buyers, is rising its Manhattan footprint.
The corporate is increasing from its present places of work at 350 Park Ave. to 60,000 extra sq. ft at BXP’s 767 Fifth Ave. — signing for your entire forty third and forty fourth flooring on the famed GM Constructing.
GoldenTree founder and managing accomplice Steve Tananbaum mentioned the GM Constructing “presents the perfect mixture of location, format and facilities.”
The GM Constructing features a second-floor, 35,000 square-foot facilities heart referred to as Savoy Membership, boasting a state-of-the artwork health heart and lounges.
BXP, previously often known as Boston Properties, purchased the tower in 2008. Its two million sq. ft are 99.1% leased.
Phrases of the GoldenTree lease weren’t disclosed.
Final yr, based on JLL, the tower noticed 4 new leases for greater than $100 per sq. foot, one among which broke the $200 psf barrier.