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Wealth management firm CI US Holdings signs lease at 101 Park

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Canadian wealth management firm CI US Holdings is taking a serious Midtown stake with a 50,000-square-foot lease at H.J. Kalikow’s flagship 101 Park Ave.

Cushman & Wakefield’s John Cefaly and Nicholas Dysenchuk repped the owner. Savills’ Mitti Liebersohn, Mark Robbins and Evan A. Foley acted for the tenant.

CI US’ move grew out of its recent acquisition of two Midtown firms which they consolidated at their recent location. The asking rent was $105 psf.

Cefaly said that Kalikow’s “unbelievable job positioning” 101 Park helped facilitate Convene’s recent expansion within the tower in addition to recent leases for Wendel North American and Incline Equity Partners.

Landlord principal Kathryn H. Kalikow said that 101 Park Ave. has “outperformed the market , leasing over 110,000 square feet within the last quarter alone.”

Iconic radio stations HOT 97 and WBLS have a recent home: Savanna’s 48 W. twenty fifth St., where parent MediaCo Holding signed a lease for 25,000 square feet.

The brand new digs will serve because the stations’ broadcast studios and headquarters. Savanna bought the constructing in 2018 and performed a serious capital upgrade.

Landlord principal Kathryn H. Kalikow said that 101 Park Ave. has “outperformed the market , leasing over 110,000 square feet within the last quarter alone.”101Park.com

Cushman & Wakefield represented each the owner and the tenant.

Two high-profile restaurant-expansion deals were just signed downtown.

Popular uptown “Recent Peruvian” spot Mission Ceviche took 11,000 square feet for a second location at 5 E. seventeenth St. J.W. Burke’s Jonathan Burke and Lena Roth brokered the direct take care of landlord Acadia Realty Trust.

Meanwhile, Tribeca Mexican spot Casa Carmen also branched out with 2,500 square feet at 5 W. twenty first St. in Flatiron., former site of Merakia Greek steakhouse. Jonathan Burke was the only broker within the off-market deal.

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