Investment Firm Takes 18,000 SF

NEW YORK CITY-In an expansion move, AlpInvest has signed a 10-year lease on 18,000 sf at 630 Fifth Ave. at Rockefeller Center. The firm previously leased 7,900 sf at 600 Fifth Ave. They plan to move into the new space in the fall.

Marcus Rayner, principal of Cresa Partners, says the European-based investment firm required “substantially” more space to meet the demands of its growing operations, and it wanted to remain in the Rockefeller Center neighborhood. “Although Rockefeller Center’s vacancy rates were extremely low, ownership was very accommodating in structuring a transaction that met AlpInvest’s long-term goals,” he adds.