"We chose to relocate our headquarters to Park Avenue Tower because we were able to easily expand our operations and operate entirely on one floor," says John Steffens, founder of Spring Mountain Capital. He adds that the firm desired a Midtown location. Park Avenue Tower, which is located between 55th and 56th streets, is a 36-story tower featuring more than 568,000 sf of class A office space, with typical floorplates ranging 13,000 to 18,000 sf
According to Don Huffner, senior vice president of Equity Office's New YorkRegion, Spring Capital is an example that increased activity by financial services firms is sustaining momentum. "We are seeing large and small companies in this sector absorb space."
Brian Gell of CB Richard Ellis represented Spring Mountain Capital, while Joseph Artusa, director of leasing, represented Equity Office.
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