NEW YORK—Manikay Partners LLC has subleased 8,828 sq. ft. of space for a six-year term at One Bryant Park, also known as Bank of America Tower.
Jones Lang LaSalle represented both sides in the sublease transaction with Alexander Chudnoff, executive managing director, representing the sub landlord, Marathon Asset Management, and Dan Turkewitz, senior vice president, representing the subtenant.
Manikay Partners will occupy a portion of the 39th floor at One Bryant Park, which totals 2.1 million sq. ft. of class-A office space. The hedge fund manager is relocating to the building from its previous offices at 375 Park Ave.
Located across from Bryant Park, the property offers easy access to neighbourhood amenities, as well as public transportation.
“This transaction was ideal for Manikay Partners, as the space on the 39th floor had been built-out and furnished to a very high standard by Marathon Asset Management,” said Turkewitz. “The previous tenant made substantial investments in supplemental air conditioning and wiring, which resulted in considerable capital expenditure savings to Manikay Partners.”