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FSA Takes Deutsche Space

NEW YORK CITY-The bond insurer is relocating from 350 Park Ave. to space vacated by Deutsche Bank. It follows on law firm Clifford Chance's signing last October of a 380,000-sf deal for other Deutsche Bank space in the site.

By Barbara Jarvie | Updated on July 27, 2004

NEW YORK CITY-Another day, another big Midtown leasing signing. Financial Security Assurance Inc., a triple-A rated bond insurer signs on for 110,380 sf for the 25th through 29th floors at the 29-story 31 West 52nd St. The company is relocating from 350 Park Ave. into the space that was previously occupied by Deutsche Bank. Last October, the world’s largest law firm, Clifford Chance US LLP, signed on for 380,000 sf of Deutsche space for its headquarters.

Cushman & Wakefield’s John Gray, Peter Van Duyne, John Picco and Ed Donnery, represented FSA, while Deutsche Bank was repped by Robert Alexander, David Berkey, Douglas Lehman, David Maurer-Hollaender, Peter Turchin and Alan Wildes of CB Richard Ellis. Space in the site is currently advertised for $59 to $65 per sf.

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