Pinebridge Investments Leases 111,728 Square Feet at 399 Park Ave.
April 7, 2010

PineBridge Investments will lease 111,728 square feet of office space at the 399 Park Avenue trophy tower for its New York headquarters. The lease comprises all of the building's fourth floor and a portion of the sixth floor. PineBridge, which was formerly known as AIG Investments, will sublease 72,647 square feet from Legg Mason through September 2017, and the lease will convert to a direct lease with landlord Boston Properties after that. The remaining 39,081 square feet will be directly leased through Boston Properties for a 15-year term. PineBridge will consolidate is operations at 70 Pine St. and  277 Park Ave. to the new location and will take occupancy this summer. Mitchell Steir, Matthew Barlow and David Goldstein of Studley represented the tenant in lease negotiations. ...

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