The Chart Group, a Manhattan-based financial services company, will soon relocate from the Rockefeller Center submarket to ATCO Properties & Management’s 555 Fifth Avenue, a 20-story, boutique office property in Midtown.
The merchant banking firm has taken a 7-year, 6,973 s/f lease comprising a portion of the 19th floor and the entire 20th floor at the LEED Silver certified office building, located on the southeast corner of East 46th Street.
Founded in 1994 and headquartered in New York City, the Chart Group sponsors alternative investments and provides advice and capital access to corporate clients.
The company, presently located at 75 Rockefeller Plaza, expects to relocate to 555 Fifth Avenue later this month.
According to Kate Goodman, co-president at ATCO, the Chart Group needed to find efficient, cost-effective office space within a short timeframe.
“With its existing offices currently undergoing a major repositioning, the company wanted to maintain its central Midtown location and close proximity to transportation, shopping and dining,” she said.
“We’re delighted to welcome this leading investment banking firm to our building, which is widely acknowledged for its environmental friendliness and state-of-the-art broadband infrastructure.”
Jerry Suchman, managing director of ATCO Brokerage Services, represented the landlord in-house in the long-term transaction, while David Glassman, executive managing director of Colliers International represented the tenant. Asking rents were $62 per square foot.