The company committed to the entire ninth floor at the 35-story Piaget Building at the corner of Fifth Ave. and 52 St. CB Richard Ellis senior vice president Roger Griswold represented Ore Hill, while Cushman & Wakefield's Duncan McCuaig represented the building's owner, 650 Fifth Avenue Co. Financial details were not released.
Griswold points out that the company's space requirements continued to grow even throughout the extensive search process. "As soon as they viewed 650 Fifth Avenue, Ore Hill immediately recognized the inherent value associated with both the building and space," he says, adding that "an extensive upgrade" and the "prominent" Midtown location were part of what attracted Ore Hill to the site. The hedge fund has assets in excess of $1.2 billion. Other tenants include Media Inc., Pali Fund, Starwood Hotel and Resorts, and Merrill Lynch.
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