January 9, 2019
Asset management firm Citadel Enterprises is expanding its anchor tenancy at L&L Holding Company’s forthcoming 425 Park Ave. It’s expanding on the commitment it made in 2016 by taking another 120,400 square feet, bringing its total footprint to 331,800 square feet, or nearly half the 47-story tower’s square footage.
“Citadel’s decision to expand at 425 Park is a validation of our commitment to create the most modern, technologically-advanced and collaborative office environment in New York City,” said L&L CEO David Levinson. “It will help Citadel attract and retain an elite and sophisticated workforce.”
Levinson and L&L’s David C. Berkey and Andrew Wiener represented ownership in-house. JLL’s Alex Chudnoff, Joseph Messina and Matthew Astrachan advised Citadel.
The project, being designed by Lord Norman Foster, is the first full-block office tower to be constructed on Park Avenue in over 50 years. Construction on the 897-foot tower’s steel superstructure was completed last month.
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