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Citadel is considering more office space in Manhattan locations such as 425 Park Ave., where it's the anchor tenant

Private Equity Firm Takes Two Floors at 425 Park Ave.

Global private equity firm Hellman & Friedman LLC has signed a lease to relocate its New York offices to L&L Holding Company’s 425 Park Avenue, the 47-story office tower that’s approaching completion in Midtown Manhattan.  Hellman & Friedman LLC will occupy 27,800 square feet on two floors.

As part of a 15-year lease, the firm will relocate from Lever House during the fourth quarter of 2021.
 
Hellman & Friedman LLC was represented in the transaction by Cushman & Wakefield’s Jonathan Serko, Barry Zeller, Andrew Ross, Richard Serko, Ed Donnery and Mike Middleton. L&L was represented in-house by Andrew Wiener and David C. Berkey.

Noah Shapiro of Holland & Knight provided counsel to building ownership, while Hellman & Friedman LLC was represented by Jennifer Yashar and Melanie Taylor of Fried Frank, Harris, Shriver & Jacobson LLP.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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