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GM Bldg Nabs Expansion, Renewal

NEW YORK CITY—“The tenant loves the building, the location and the deal that we made,” tenant rep Craig Lemle, of Studley, tells GlobeSt.com.

By Rayna Katz | Updated on April 30, 2014

NEW YORK CITY—York Capital Management, a global investment management firm, has signed a long-term lease renewal and expansion at 767 Fifth Ave.—also known as the General Motors Building. The deal was arranged by Studley.

A tenant of GM’s tower for the past 10 years, York currently occupies the building’s 17th floor and a portion of its 21st floor, for a total of 46,266 square feet. The firm will expand its footprint at the building to 53,445 square feet by subleasing an additional 7,179 square feet on a portion of the 23rd floor from Weil, Gotshal & Manges, the largest tenant in the building.

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