Private investment firm Dorilton Capital Management is expanding to 33,500 s/f at the Rudin Family’s 32 Avenue of the Americas.
The company, which signed a 7,500 s/f lease on the 17th floor in late 2017, is taking an additional 26,000 s/f across the entire 26th floor.
Michael Rudin, senior vice president of Rudin Management Company, commented: “Given Dorilton’s increasing headcount and need for more office space, our building at 32 Avenue of the Americas was able to provide the firm with the additional room that they needed to keep their business growing right here in Lower Manhattan. 2018 was a record year for leasing activity in the city, and we believe that this transaction is a key example of the momentum that is continuing in 2019.”
Robert Steinman, Senior Vice President at Rudin Management Company, represented building ownership in the 10-year lease, while Gordon Ogden of Byrnam Wood represented the tenant.
Asking rents were $89 per square foot.