Global private equity firm Hellman & Friedman LLC will relocate its New York offices to 425 Park Avenue, L&L Holding Company’s Foster + Partners-designed, 47-story office tower that is approaching completion in Midtown Manhattan.
Hellman & Friedman LLC will occupy 27,800 square feet, spanning two floors. As part of a 15-year lease, the firm will relocate from Lever House during the fourth quarter of 2021.
The 897-foot tower is the first full-block tower to rise along Park Avenue in half a century.
Hellman & Friedman LLC was represented in the transaction by a Cushman & Wakefield team led by Jonathan Serko, Barry Zeller, Andrew Ross, Richard Serko, Ed Donnery and Mike Middleton. L&L Holding Company 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.
