NEW YORK CITY-Real estate investment firm Monday Properties has signed strategic management consulting firm Orion Consultants to a 10-year, 10,400 square-foot lease at 230 Park Avenue, GlobeSt.com has learned. Orion, a longtime tenant at 230 Park for over a decade, doubled its space to now occupy half of the 22^nd floor, while the other half of the floor is occupied by mega-REIT Simon Property Group Inc., the nation’s leading owner, manager and developer of regional shopping malls, which signed a new 12,000-square-foot lease earlier in the year.

Brian Robin, COO of Monday Properties, tells GlobeSt.com, says the Orion lease is the first formal deal since the recent $760 million recapitalization of 230 Park in June 2011, but the lease itself was driven by the growth of the company’s business. “In the process of growing, Orion is an equity and research firm, so they work long hours and have a lot of technology needs,” Robin says, explaining that the firm also specializes in sales, trading, underwriting and research performance. “That combination of need for growth and need for being potentially being round-the-clock, if you will, it has to be a high-quality work environment.”

Robin explained that as the company was planning to renew its older space after renewing it one year ago, it “prompted the conversation” about how Orion could continue with their expansion and upgrade at the same time. “That prompted a very simple discussion, which was we could do better,” he says. “It worked for them and it worked for us.” Paul Amrich of CBRE and Jordan Berger of Monday Properties represented the landlord in direct negotiations with Orion.