Wisdom Tree Investments, Inc. signed a 15-year, 37,923-square-foot lease at 245 Park Avenue, The Commercial Observer has learned.
The asset manager and fund sponsor will move to the entire 35th floor of the 1.7-million-square-foot Grand Central area tower and nearly double the size of its current office at 380 Madison Avenue. A rapid construction handled by Studley‘s management crew will have the tenant build out and move in in just four months...
Wisdom Tree’s current building will undergo a complete “reinvention” starting in February. “We have to work on an expedited time frame because [the tenant's 380 Madison Avenue] lease expires in January,” Matt Barlow said. “And unlike in normal situations their building is being taken down to the steel. They picked the right deal and they have to expedite design and construction...”
“245 Park is a very large building,” he said. The rezoning would more likely enter conversations concerning “buildings like 425 Park Avenue, 350 Park Avenue, some of the more antiquated buildings that were subject to these zoning restrictions”
Wisdom Tree Investments Grows With 37,923-SF Lease at 245 Park Avenue
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