Meanwhile, Related Co.’s Far West Side leasing locomotive powers along at full steam. Private equity firm Silver Lake has completed a lease for 56,000 square feet at 55 Hudson Yards, the 1.3 million square-foot, 51-story tower at Eleventh Avenue and West 34th Street that Related is developing with Oxford Properties Group. (Mitsui Fudosan owns a majority stake.) Silver Lake will move from Sheldon Solow’s 9 W. 57th St.
Also coming to 55 Hudson, which is now 60 percent leased, are Steve Cohen’s Point72 Asset Management; two law firms, Milbank Tweed and Boies, Schiller; Intercept Pharmaceuticals and electronic trading platform MarketAxess.
A 75,000-square-foot lease with Dan Loeb’s hedge fund Third Point, first reported by the Real Deal, is also expected to be signed at 55 Hudson Yards within a few weeks, sources said. Third Point will exit Lever House, marking yet another defection from the once-almighty Park Avenue corridor.