PBC USA Real Estate has inked a new lease for the entire 28th penthouse floor at its trophy office tower at 452 Fifth Avenue.
Tilden Park Capital Management has leased the 16,140 S/F penthouse in a long-term lease arranged by CBRE and Newmark Grubb Knight Frank.
The lease follows the ownership’s official unveiling of the last three available penthouse floors at the property with asking rents of over $100 psf.
Alicia Popper, senior vice president of leasing & construction at PBC USA Real Estate, represented the ownership in the lease negotiations. The CBRE team of Craig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender also represented the ownership and serve as the property’s exclusive leasing agents.
According to Popper, “The Tilden Park lease is just the latest example of the high-profile financial industry companies that have made 452 Fifth Avenue their headquarters over the past two years.
“With the completion of this major deal we now only have the top two penthouse floors available for lease at the property. Given the success we have enjoyed thus far, we do not anticipate this unique space to be on the market for long.”
Previously located at 900 Third Avenue, Tilden Park will be relocating and expanding its headquarters operations at 452 Fifth Avenue. 452 Fifth Avenue penthouse space, which was recently completely renovated, will house the firm’s corporate offices and business operations.
The CBRE team of Benjamin Friedland and Silvio Petriello worked closely with Daniel Madison of Newmark Grubb Knight Frank in the lease negotiations on behalf of Tilden Park.