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Hedge fund Canyon Partners expands to take full floor at Carnegie Hall Tower

Hedge fund Canyon Partners and art gallery D. Wigmore Fine Art have signed leases at TF Cornerstone’s Carnegie Hall Tower on Manhattan’s “Billionaire’s Row.”

Los Angeles-based Canyon Partners is expanding to take an entire floor at the 60-story tower. Canyon, which specializes in investments for endowments, foundations and sovereign wealth funds, is adding 3,000 s/f to its space on the building’s 28th floor. This is not the first time that the company has expanded its footprint in the building. In 2013, Canyon signed a seven-year renewal for approximately 8,000 s/f. The firm previously operated out of two smaller suites. Asking rents for the expansion was $100 per s/f.

Meanwhile, D. Wigmore Fine Art signed a ten-year, 4,000 s/f lease. The firm will occupy a portion of the building’s third floor. It will use the space, which has 18-foot ceilings, as a showroom. Asking rent was $70 per s/f.

Carnegie Hall Tower, located at 152 West 57th Street, was built in the late 1980s. TF Cornerstone closed on a $325 million loan for the property earlier this year. Other tenants in the building include the New York City Opera, asset management firm Scopia Capital, Kingdon Capital, Greystone & Company  and Wolverine Worldwide.

Matt Leon, an executive managing director at NKF, represents ownership in lease negotiations. He was unavailable for comment.

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