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Tiger Management Renews 101 Park Lease

NEW YORK CITY-The hedge fund is the second such firm to take space in Manhattan in recent weeks, pointing up a recovery of the segment.

By Rayna Katz | Updated on July 09, 2013

NEW YORK CITY-Cushman & Wakefield announced Tuesday that Tiger Management LLC has renewed its lease at 101 Park Ave. The hedge fund has signed a 10-year lease renewal for 79,200 square feet in the 49-story building. Located between 40^th and 41^st Streets, the building is perhaps best known in commercial real estate circles for Club 101, an event space in the building’s lobby that’s frequently used for industry gatherings.

A Cushman & Wakefield team led by John Cefaly, executive vice chairman; Gus Field, vice chairman; Clark Finney, senior director and David McBride, senior director, serve as exclusive leasing agent and represented ownership, Kalikow Properties, in the transaction. Martin Horner, managing director, Barbara Winter, EVP and Reid Longley, associate of Jones Lang LaSalle represented the tenant.

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