{"id":341275,"date":"2026-09-09T00:54:18","date_gmt":"2026-09-09T00:54:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/341275\/"},"modified":"2026-09-09T00:54:18","modified_gmt":"2026-09-09T00:54:18","slug":"investment-firm-26-north-relocates-to-84k-sf-at-lefraks-40-west-57th-street-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/341275\/","title":{"rendered":"Investment Firm 26 North Relocates to 84K SF at LeFrak\u2019s 40 West 57th Street \u2013 Commercial Observer"},"content":{"rendered":"

Alternative investment management firm 26 North<\/a> is relocating its New York City offices to LeFrak<\/a>\u2019s Midtown office tower at 40 West 57th Street, Commercial Observer has learned.\u00a0<\/p>\n

The company has inked an 84,000-square-foot lease at the 36-story property, where it will occupy four full floors following its move from 600 Madison Avenue, according to landlord broker CBRE<\/a>.\u00a0<\/p>\n

SEE ALSO: Women\u2019s Clothing Store Esti\u2019s Takes 8K SF at 2263 Nostrand Avenue in Midwood<\/a><\/p>\n

26 North\u2019s deal spans 11 and a half years. The asking rent was not disclosed, but the average asking rent for office space in Midtown was $84.68 per square foot in August, according to Colliers\u2019 latest monthly office snapshot.\u00a0<\/p>\n

But 26 North \u2014 which did not immediately respond to CO\u2019s request for comment \u2014 isn\u2019t the only new tenant coming to 40 West 57th Street.<\/p>\n

Mack Real Estate Group<\/a>, a New York City-based real estate investment, development and lending firm, has taken 20,750 square feet on part of the building\u2019s 17th floor in space previously built out for A&E Real Estate, which is moving to another floor at the property. Mack will\u00a0 relocate from its current office at 60 Columbus Circle.\u00a0<\/p>\n

Mack did not immediately respond to a request for comment. The asking rent and the length of the lease were not disclosed.\u00a0<\/p>\n

It is unclear when both firms will move into 40 West 57th Street. LeFrank was represented in both deals by an in-house team of Adam Silfen, Meredith Jackness and Stephanie Allan, as well as CBRE\u2019s Howard Fiddle, Evan Fiddle, Ben Joseph, Arkady Smolyansky and Sam Seiler.\u00a0<\/p>\n

Jared Horowitz and Howard Hersch from Newmark<\/a> represented 26 North in its deal, while Newmark\u2019s Brian Waterman and David Waterman represented Mack. Newmark declined to comment.<\/p>\n

\u201cCombined with LeFrak\u2019s stable ownership, a strategic location in one of the city\u2019s most desirable business districts, and ongoing capital improvements, 40 West 57th Street continues to attract premier tenants seeking a best-in-class office experience,\u201d CBRE\u2019s Fiddle said in a statement.\u00a0<\/p>\n

Spanning more than 160,000 square feet, 40 West 57th Street is a Class A office property with amenities including a lounge, a caf\u00e9, conference rooms, an outdoor terrace, and a wellness center. A gym is expected to be delivered in 2027.\u00a0<\/p>\n

Tenants in the building include Italian luxury retailer<\/a> Loro Piana, private equity firms Lee Equity Partners and MHR Fund Management, investment management firm Two Creeks Capital Management, media investment and advisory firm Andalusian Sports Advisors, and alternative credit capital solutions provider HPS Investment Partners.<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Alternative investment management firm 26 North is relocating its New York City offices to LeFrak\u2019s Midtown office tower…\n","protected":false},"author":2,"featured_media":341276,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[128093,128094,128095,84593,128096,21075,98,100,99,3624,21076,93585,24704,13232,10003,2361,128097,9,24,63,128092,59965,128098],"class_list":["post-341275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-60-columbus-circle","tag-600-madison-avenue","tag-adam-silfen","tag-arkady-smolyansky","tag-ben-joseph","tag-brian-waterman","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-channel","tag-david-waterman","tag-evan-fiddle","tag-howard-fiddle","tag-howard-hersch","tag-jared-horowitz","tag-leases","tag-meredith-jackness","tag-new-york","tag-new-york-city","tag-nyc","tag-office-leases-40-west-57th-street","tag-sam-seiler","tag-stephanie-allan"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/341275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=341275"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/341275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/341276"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=341275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=341275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=341275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}