Cushman & Wakefield senior directors Alex Chudnoff and David Dusekrepresented Lyster Watson in its space search and in lease negotiations. Vornado was represented in-house by Glen Weiss, vice president.

According to Chudnoff, Lyster Watson's wanted highly efficient, built space. "The fact that this space was built out already represented an opportunity for Lyster Watson to minimize the overhead costs associated with its relocation while simultaneously improving its headquarters environment."

Rabobank International acquired the entire 37th floor--35,000 sf--at 245 Park Ave. from CIBC World Markets, which is consolidating its operations at its new US headquarters at 300 Madison Ave. Based in Utrecht, the Netherlands, the firm currently occupies the entire 36th and 38th floors at the 1.6-million-sf building, owned by Brookfield Properties. The bank has been a tenant for nearly 20 years.

The new lease will enable the expansion of the company's growing trading operations. C&W's Franklin Speyer, Louis D'Avanzo, Stuart Romanoff and Amy Fox represented Rabobank. Paul Spiegel of Handler Real Estate Services represented CIBC World Markets. Scott I. Schneider of Loeb & Loeb LLP acted as counsel for Rabobank, and Nathan Sevilla of Mayer, Brown, Rowe & Maw LLP acted as counsel for CIBC.

And banking concern Dexia Credit Local took on an additional 10,000 sf at 445 Park Ave. It now occupies a total of 60,000 sf at the Midtown site. Paul Revson and Ethan Rice of the Staubach Co. here repped Dexia, Robert Finkelstein of Dakota Realty Group represented landlord Laszlow Tauber. Though the terms of the transaction were not released, asking rents are $65 per sf.