DTZ, a UGL company, announced that it has negotiated a 8,511 s/f lease expansion of their existing lease at One Grand Central Place (60 E. 42nd Street), for Preqin, a financial intelligence firm that provides data and research to the alternative assets industry.
Preqin’s products and services are utilized by more than 10,000 professionals located in over 70 countries for a range of activities including investor relations, fundraising and marketing, as well asmarket research.
The firm is based in the UK with offices in Singapore, the Silicon Valley and New York City.
One Grand Central Place is a vintage, 55-story, 1930 office tower situated between Madison and Park Avenue, providing tenants with direct in-building access to Grand Central Terminal. In 2010, the Building Owner’s and Manager’s Association (BOMA) of Greater New York named One Grand Central Place “Operating Building of the Year.”
Preqin will be leasing a partial space on the 6th floor because the space is wide open and lays out well for the growing firm.
DTZ vice president Giorgio Versea in the New York office represented Preqin in lease negotiations with Ryan Kass of Newmark Grubb Knight-Frank, who represented the building owner W&H Properties.