Hedge fund Senator Investment Group ranks last in Zero Irving – Commercial Observer

Hedge fund Senator Investment Group ranks last in Zero Irving – Commercial Observer

Zero Irving The Commercial Observer has learned that the company is putting up a “No Occupancy” sign as it finally leases the last available space in the new complex.

Senator Investment Group has paid the balance of the 240,000 square meter building with a 12,455 square meter lease at RAL development services And JRE Partners124 East 14th Street in Union Square, according to landlord brokers JLL (JLL).

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The hedge fund manager, who 510 Madison Avenuesigned a 10-year lease for a space that was asking $170 per square foot, according to JLL.

“Zero Irving realizes the city’s vision of a 21st century office building, providing jobs for New York City, a technology center and a market-leading tenant ecosystem,” Robert LevineCEO of RAL, said in a statement.

JLL’s Benjamin Bass, Mitchell Konsker, Daniel Turkewitz, Kristen Morgan And Carlee Palmer represented the landlord, while Ben Friedland, Silvio Petriello And Joseph D’Apice out of CBRE (CBRE) negotiated on behalf of the Senator.

CBRE did not immediately respond to a request for comment.

Senator was founded in 2008 as a partnership between Alexander Klabin And Douglas Silverman before Klabin became self-employed in 2020.

Other tenants in the building are Dick’s Sporting Goodswhich has signed a 2,300 square meter lease for its live streaming and scorekeeping platform, Game changerin the 21-storey building End of 2022. Private equity firms Alpine investors also signed a contract for 22,000 square meters about the same time.

You can reach Mark Hallum at [email protected].

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