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Bank Unit Renews 150,000-SF Park Ave Space

NEW YORK CITY-Deustche Bank's Deutsche Investment Management Americas will continue to occupy 345 Park Ave. for 10 more years.

By Paul Bubny | Updated on December 09, 2008

NEW YORK CITY-Deutsche Investment Management Americas, a unit of Deutsche Bank, has renewed its 150,000-square-foot space at Rudin Management’s 345 Park Ave. The lease, which Rudin VP Robert Steinman tells GlobeSt.com takes effect in January 2010, is for 10 years. Asking rents at 345 Park were not disclosed but published reports put them north of $100.

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.

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