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Asset Mgmt. Firm Inks 55 Hudson Yards Deal

NEW YORK CITY—The firm has signed a letter of intent for a substantial space, becoming the third commercial tenant at the building, which is slated to open in 2018.

55 Hudson Yards Related’s 55 Hudson Yards also will be home to a pair of law firms following earlier lease signings.

NEW YORK CITY—Point72 Asset Management, a family office managing the assets of Steven A. Cohen, has revealed plans to move its local headquarters to 55 Hudson Yards. The firm plans to lease more than 175,000 square feet across six floors in the new park-front boutique Midtown office tower on the Far West Side.

Point72 has executed a letter of intent for the space and expects to finalize the terms of the lease by the end of the year. Neil Goldmacher of Newmark Grubb Knight Frank represented the tenant in the transaction. Robert Alexander and Howard Fiddle of CBRE and Stephen Winter of Related represent the ownership group. The occupier is the third tenant for the property, following a letter of intent signed by a law firm earlier this year, and after another agreement was signed in 2015; also with a law firm.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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