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Asset management firm Scopia Capital expands lease at Carnegie Hall Tower

Scopia Capital Management, a $6 billion institutional asset management company, has renewed and expanded its lease within the Carnegie Hall Tower.

Scopia will occupy over 23,000 s/f on the building’s entire 33rd and 34th floors in a long term deal. Asking rents were in the mid $90s psf.

A Studley team led by Erik Schmall and Michael Mathias represented Scopia while Matt Leon led the NGKF agency team along with Chip Sealy at TF Cornerstone. Neither party were available for comment.

Launched in 2001 by Matt Sirovich and Jeremy Mindich, Scopia is a five-year tenant of the tower, having originally subleased space from Apollo and expanding exponentially as the fund grew. The lease comes on the heels of a long-term expansion by BAF Capital Management which took the entire 29th floor of  the tower in a deal pegged at $90 psf.

The past year has seen the tenant base at Carnegie Hall Tower diversify from its traditional financial sector staple to a more divergent roster that now includes creative, media and tech tenants drawn by a pre-built program that has put a modern spin on the tower’s classic interiors.

Three new pre-builts recently released on the 54th floor have polished concrete floors, exposed ceilings and collaborative pantry areas.

A source told REW that one of the three suites is already under lease at rents over $110 psf. TF Cornerstone declined to comment.

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