NEW YORK CITY-Financial services firm Ladenburg Thalmann & Co. has signed a 40,000-square-foot sublease deal at the General Electric Building at 570 Lexington Ave.
The firm will take over Brean Capital's space on two connected floors at the property, according to the Commercial Observer.
“Brean Capital moved to 1345 Avenue of the Americas for more efficient trading space,” says Dan Turkewiz, a broker at Jones Lang LaSalle. “The space at 570 Lexington was a mix of open trading and offices, and Brean Capital wanted to go for a more open trading plan.”
Turkewiz adds that the Brean sublease space was ideal for Ladenburg Thalman. “We were looking for someone that could benefit from the space. The space is built out for a (financial services) broker and dealer. For Ladenburg Thalmann, it was a perfect match,” he says.
Turkewiz and colleague Matthew Astrachan represented Brean Capital in the sublease deal. Douglas Elliman's Louis Puopolo and Irene Nickolai represented the subtenant. See story in the Commercial Observer.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
