J.C. Flowers & Co., the firm of billionaire private equity giant and avid real estate speculator J. Christopher Flowers, is taking 18,134 square feet at the GM Building, The Real Deal has learned. The deal is one of many recent subleases at the iconic 767 Fifth Avenue property.
J.C. Flowers & Co. will pay rents in the mid-$80s per square foot for the partial 23rd floor until 2019, CompStak data show. Studley’s Joseph Genovesi represented J.C. Flowers, while the landlord — a partnership between Boston Properties, Brazilian billionaire investor Moise Safra and the family of Chinese real estate mogul Zhang Xin — was represented by a CBRE team led by Lewis Miller. Both Miller and Genovesi declined to comment.
The firm will relocate from its current 16,300-square-foot digs at the 26-story 717 Fifth Avenue, where it was paying rents starting in the mid-$140s per square foot, according to CompStak.Billionaire J.C. Flowers’ firm takes 18K sf at GM Building
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