NEW YORK CITY—Traxys Group has signed a 15-year, 29,771 square-foot lease for the entire 38th floor of 299 Park Ave. With this deal, Fisher Brothers has leased nearly 150,000 square feet of space since May 2017, bringing the Midtown office tower to 85% leased. Sources close to the deal tell GlobeSt.com that the asking rent was $105 per square foot.
A physical commodity trader and merchant in the metals and natural resources sector, Traxys is headquartered in Luxembourg with over 20 offices worldwide. It will relocate its New York office from 825 Third Ave. in the second quarter of 2019.
“When selecting our new office, we set out to find a modern environment where our employees could continue to succeed in a central Midtown location. 299 Park Ave. proved to be the perfect fit, and we are thrilled to be moving our New York office to such a prestigious building,” said Mark Kristoff, Traxys CEO.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
