Posted May 4, 2021, 4:51 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,918
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https://www.bloomberg.com/news/artic...nderbilt-tower
Finance Firms Grab Space at Manhattan’s New One Vanderbilt Tower
MSD Partners signs lease for entire 26th floor at skyscraper
By Natalie Wong
May 4, 2021
Quote:
One Vanderbilt is filling up as Wall Street prepares to return to the office after months at home.
SL Green Realty Corp.’s $3.3 billion skyscraper next to Grand Central Terminal has been landing new finance tenants despite a pandemic that has battered New York’s office market.
MSD Partners, an investment firm tied to billionaire Michael Dell’s family office, recently signed a 15-year lease for the entire 26th floor, according to a statement Tuesday. Mamoura Holdings, a unit of a United Arab Emirates-based sovereign investment firm, and financial services company Nearwater Management also took space at the 1.7 million square foot (157,935 square meter) tower.
Those deals, plus another six that the Manhattan landlord has in the pipeline, would bring occupancy at the 77-story building, which opened in September, to almost 90%, according to Chief Executive Officer Marc Holliday.
One Vanderbilt, where a new restaurant by chef Daniel Boulud will open this month, highlights a disparity in the New York market: Newer buildings near transit hubs are drawing interest from tenants, while older space languishes on the market.
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