Paulson & Co. Inc. Takes 44,100 SF

[IMGCAP(1)]NEW YORK CITY-Investment management firm Paulson & Co. Inc. has leased the 50th floor at 1251 Avenue of the Americas. The lease, totaling 44,100 sf, has a 10-year term.

“Demand for premium office space in the Midtown area remains strong, particularly among the financial and professional services firms,” notes Christopher Perez, VP of locally based Mitsui Fudosan America, which owns the property. “This transaction fits well with our strategy of attracting and retaining high quality tenants as we continue to develop our portfolio assets and explore strategic acquisitions in the New York market.”

[IMGCAP(2)]Perez continues that “these sectors have continued to experience tremendous growth despite recent market volatility, and are generally compelled to maintain a solid presence in the heart of Manhattan.” MFA purchased 2.4-million-sf building in 1986 from Exxon Corp. and the Rockefeller Group for $610 million, according to reports.