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Deals & Dealmakers

Hedge fund makes midtown move to 11 Times Square

SJP Properties announced that SIR Capital Management, LP, a New York-based hedge fund, has signed a lease for 9,348 s/f to relocate its offices to 11 Times Square.

SJP developed 11 Times Square and owns the building in partnership with PGIM and Norges Bank.
SIR Capital is exiting its previous office location on the 22nd floor of 620 Eighth Avenue, The New York Times Building, upon its lease expiration in April 2019. At 11 Times Square, SIR will neighbor BT Group, formerly British Telecom, on the building’s 34th floor.

Dan Madison and William Levitsky at Newmark Knight Frank represented SIR in the transaction, while building ownership was represented by JLL, the exclusive leasing agent for 11 Times Square, and Zachary Freeman, senior vice president of leasing and marketing at SJP Properties.

“SIR’s move to 11 Times Square allows it to stay within one of Midtown’s most accessible neighborhoods,” said Steven J. Pozycki, CEO of SJP Properties.

“Our team looks forward to designing and delivering a modern, state-of-the-art workplace for SIR reflective of its impressive corporate image and clientele.”

SJP Project Solutions, a division of SJP focused on development and construction management for tenants and other owners, will oversee the build-out of SIR’s new space at 11 Times Square, which includes, among other amenities, a private gym for SIR and its employees.

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