Shinsei Bank Signs for 14,000 SF in the Citibank Building

Shinsei Bank has signed a sublease for approximately 14,000 sf on part of the 27th floor of 399 Park Ave., which is known as the Citibank Building and is now 100% leased. The bank, which until last year was known as the Long-Term Credit Bank of Japan Ltd, took the space in the 39-story, 1.56-million sf property between 53rd and 54th Streets for $100 per sf. Other tenants include Citigroup, Arnold & Porter, Beacon Group and Bingham Dana LLP.

The space had been occupied for ten years by Paul, Hastings, Janofsky & Walker, an international law firm, that is moving its offices into space at Park Avenue Tower, a 36-story building at 65 E. 55th St.