GoldenTree Asset Administration, a worldwide agency that manages $56 billion in belongings 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. toes at BXP’s 767 Fifth Ave. — signing for the complete forty third and forty fourth flooring on the famed GM Constructing.
GoldenTree founder and managing associate Steve Tananbaum mentioned the GM Constructing “offers the ideal combination of location, layout and amenities.”
The GM Constructing features a second-floor, 35,000 square-foot facilities middle referred to as Savoy Membership, boasting a state-of-the artwork health middle and lounges.
BXP, previously referred to as Boston Properties, purchased the tower in 2008. Its two million sq. toes are 99.1% leased.
Phrases of the GoldenTree lease weren’t disclosed.
Final yr, in line with JLL, the tower noticed 4 new leases for greater than $100 per sq. foot, one among which broke the $200 psf barrier.
