NEW YORK CITY-Trading house The Sumitomo Corp. of America will be relocating its operations to larger offices at 300 Madison Ave. in November.
The Japanese-based firm signed an 11-year, 98,454-square-foot sublease from CIBC for the full third and fourth floors of the 35-story, 1.1-million-square-foot, 300 Madison Ave. building, which is owned by Brookfield Office Properties. The move from 600 Third Ave. allows Sumitomo to operate on two floors rather than on seven floors, according to the New York Post.
Studley's Marc Shapses, Michael L. Goldman, Kunihiko Otomo and Joe Messina represented Sumitomo in the transaction. Sarah Pontius of Brookfield represented the sub-landlord, CIBC Delaware Holdings, and Brookfield. See story in the New York Post.
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