Balyasny Asset Management Takes Expansion Space at 950 Third Avenue
September 14, 2012
By: Daniel Edward Rosen
Balyasny Asset Management, a hedge fund founded by Dmitry Balyasny, has taken extra office space at 950 Third Avenue, The Commercial Observer has learned.
The company will occupy a 7,700 square foot space on a portion of the fifth floor in the 32-story office tower.
Asking rent for the 7-year lease was in the high-$50s-a-square-foot.
... Erik Schmall and Scott Weiss of Studley represented Balyasny Asset Management in the deal.
Balyasny Asset Management will be keeping its offices at 135 East 57th Street, where it leases 26,300 square feet of space on the 26th and 27th floors, according to CoStar data. That lease is not set to expire until 2016, according to CoStar data. 950 Third Avenue’s proximity to its NYC headquarters–the two buildings are a block away from one another–appealed to the hedge fund, said Mr. Schmall.
“They wanted something that felt right. It’s a nimble hedge fund,” Mr. Schmall added. ...
... “It was a quality, good-looking pre-built,” said Mr. Schmall. “It had a nice reception area, it was tastefully done, and it suited Balyasny’s needs.”
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