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Deals & Dealmakers

CBRE arranges 48,000 s/f lease for private equity company

CBRE announced that Gen II Fund Services, a private equity fund administration firm based in Manhattan, signed a 48,000-square-foot lease at 805 Third Avenue.

The firm will relocate its headquarters to the entire 24th and 25th floors of the Midtown East building upon the completion of renovations later this year.

William Iacovelli of CBRE represented the tenant in the transaction, while the sublandlord, Meredith Corporation, was represented by Frank Doyle and Randy Abend of JLL.

“Gen II is an industry leading private equity fund administration firm that had outgrown its office space at 825 Third Avenue,” said Iacovelli. “The 24th and 25th floors of 805 Third Avenue provided the space and the open layout that Gen II needed to accommodate its current employees and to plan for future growth. The building also allowed Gen II to remain in the Midtown East neighborhood, where they can continue to be easily accessible to clients and to employees.”

Gen II Fund Services, LLC is the largest independent, U.S.-based, private equity fund administrator, covering over $200 billion of private capital and reporting to over 9,000 LPs.

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