Balyasny Asset Management has signed an office renewal and expansion in New York City, according to a Midtown Manhattan third-quarter market report from CBRE.
The deal will give the investment service firm a total of 164,000 square feet at 767 Fifth Avenue, also known as The General Motors Building. A Security Exchange Commission filing shows that Balyasny is now occupying the 12th, 21st, 23rd, 34th, and 35th floors.
The 50-story property is owned 60 percent by a joint venture, which includes BXP, Inc. The more than two million speculative office space offers views of Central Park and features a marble cladding design, architected by Edward Durell Stone. Also, 767 Fifth is home to the Apple Cube, which it dubs a "retailing phenomenon."
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