July 12, 2018
Gen II Fund Services, a private equity fund administration firm based in Manhattan, has signed a 48,000-square-foot lease at 805 Third Ave. The firm will relocate its headquarters to the property’s 24th and 25th floors when renovations are completed later this year.
William Iacovelli of CBRE represented Gen II, while the sublandlord, Meredith Corporation, was represented by JLL’s Frank Doyle and Randy Abend. Gen II administers over $200 billion of private capital, and reports to over 9,000 LPs on behalf of clients.
Gen II had outgrown its space at 825 Third Ave., said Iacovelli. The 805 Third floors offered “the space and the open layout that Gen II needed to accommodate its current employees and to plan for future growth. The building also allowed Gen II to remain in the Midtown East neighborhood, where they can continue to be easily accessible to clients and to employees.”
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