NEW YORK CITY-Tilden Park Capital Management is relocating its operations from 900 Third Ave. to the 28th floor penthouse at 452 Fifth Ave.

The fixed income alternative asset management firm signed a lease deal for 16,140 square feet of office space at the property owned by PBC USA Real Estate, according to the Commercial Observer. The Tilden Park deal comes after multimillion-dollar renovations were recently completed on the last three penthouse floors at the 865,000-square-foot building.

“The Tilden Park lease is just the latest example of the high-profile financial industry companies that have made 452 Fifth Avenue their headquarters over the past two years,” states Alicia Popper, senior vice president of leasing and construction at PBC USA Real Estate. “With the completion of this major deal we now only have the top two penthouse floors available for lease at the property. Given the success we have enjoyed thus far, we do not anticipate this unique space to be on the market for long.”

Popper worked with CBRE's Craig Reicher, Howard Fiddle, James Ackerson, Zachary Freeman, Sinclair Li and Greg Maurer-Hollaender in representing the building ownership. CBRE's Ben Friedland and Silvio Petriello and Daniel Madison of Newmark Grubb Knight Frank represented Tilden Park Capital Management in the transaction. See story in the Commercial Observer.