Steinman tells GlobeSt.com that Deutsche Investment Management--which houses its private wealth and asset management divisions at 345 Park--has been a tenant there since it took over Scudder Investments in 2001. Scudder itself had been located at 345 Park since the 1970s.
The company was represented by Peter G. Riguardi and Kenneth A. Siegel, president and managing director, respectively, of Jones Lang LaSalle. VP Tom Keating of Rudin Management represented the owner.
Rudin also announced that SKI Realty, a unit of Memorial Sloan-Kettering Cancer Center, renewed its 28,710-square-foot lease at 641 Lexington Ave. for 12 years. The not-for-profit has been at 641 Lexington since May 2005 on a four-year lease, Steinman says. SKI was represented by EVP Mark Weiss of Newmark Knight Frank, while Keating again did the talking for Rudin Management.
Additionally, Ballista Securities, a year-old lower Manhattan private broker/dealer specializing in institutional options trading, leased over 8,000 square feet on the ninth floor at 110 Wall St. for its new headquarters. The 38-month lease begins next month, says Steinman, who represented Rudin in negotiations. A Cushman & Wakefield team including Jonathan Fein, Frank Cento and Robert Lowe represented the tenant.
In a statement, William Rudin, president of Rudin Management, says his company continues "to see strong demand for space at our prime properties. We're pleased to welcome Ballista Securities to our office community and we're delighted that both Deutsche Investment Management Americas and SKI Realty chose to remain in their respective homes."
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
