Hedge fund manager Two Sigma Investments is expanding at Edward Minskoff’s 101 Sixth Avenue in Hudson Square, The Real Deal has learned. Two Sigma is taking an additional 47,000 square feet at the property, after a 60,000-square-foot deal last year.
In the new deal, Two Sigma will take floors 15 through 17 at the 23-story, 435,000-square-foot building and will pay rents starting in the $70s per square foot, according to a source familiar with the transaction. The company, which manages about $18 billion according to Forbes, already occupies the 20th through 23rd floors.
Minskoff was represented by JLL’s Paul Glickman, Mitchell Konsker and Jonathan Fanuzzi. Representatives for the brokerage declined to comment. Two Sigma was represented in its initial deal at the property by Savills Studley’s Greg Taubin and Matthew Barlow, but it is unclear if they were involved in the expansion deal. Representatives for Savills Studley declined to comment.Hedge fund firm now has more than 100,000 sf at Edward Minskoff’s 101 Sixth
Related StoriesNew York City Office Sector Report Q2 2014
How many square feet do Manhattan office workers get?