In December, Paramount Group Real Estate Fund III acquired KanAm grundinvest Fonds' minority interest in the site. The fund is operated by Paramount Group, which in partnership with other investors, acquired the 47-story building for approximately $405 million in late 2002 from Japanese contractor Kumagai Gumi.

KBC Bank NV signed a 15-year lease and will occupy the entire seventh and eighth floors. The bank is expanding and relocating from 125 West 55th St. QVT Financial is taking the entire ninth floor of the building for 10 years. The hedge fund management company is expanding and relocating from 527 Madison Ave. Herman Miller Inc. signed a 10-year lease for the entire 17th floor for showroom space. Additional leasing details were not released.

The building owner--Paramount Group--was represented by Frank Doyle, managing director, Craig Panzirer, senior vice president, and David Kleiner, vice president, all with Jones Lang LaSalle's New York office. The team worked with Jim VanderVliet, vice president with Paramount Group, KBC Bank NV was represented by Franklin Speyer and Joe Fabrizi of Cushman & Wakefield. Neal Goldmacher and Josh Friedman of Newmark Knight Frank represented QVT Financial LP. Herman Miller Inc. was represented by Bruce Weinberg and Justin Royce of CB Richard Ellis.