NEW YORK CITY-Another day, another big Midtown leasing signing. Financial Security Assurance Inc., a triple-A rated bond insurer signs on for 110,380 sf for the 25th through 29th floors at the 29-story 31 West 52nd St. The company is relocating from 350 Park Ave. into the space that was previously occupied by Deutsche Bank. Last October, the world’s largest law firm, Clifford Chance US LLP, signed on for 380,000 sf of Deutsche space for its headquarters.

Cushman & Wakefield’s John Gray, Peter Van Duyne, John Picco and Ed Donnery, represented FSA, while Deutsche Bank was repped by Robert Alexander, David Berkey, Douglas Lehman, David Maurer-Hollaender, Peter Turchin and Alan Wildes of CB Richard Ellis. Space in the site is currently advertised for $59 to $65 per sf.

Gray says FSA conducted an extensive search before deciding on this space. “By entering the market well before its current lease expired, FSA was able to evaluate its options from various criteria and determine what was most important to the firm. Location, quality and value were the key considerations,” he says.

The 700,000-sf site was built in 1985 for EF Hutton. Its upper floors have views of Central Park and overlook the Rockefeller Center ice skating rink. Yesterday in another large deal in Midtown, Cantor Fitzgerald said it will take over 125,000 sf currently occupied by Bloomberg LP at 110 East 59th St.

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