L&L Holding Company announced today that global private equity firm Hellman & Friedman LLC has signed a lease to relocate its New York offices to 425 Park Avenue, L&L’s Foster + Partners-designed 47-story office tower that is approaching completion in Midtown Manhattan.
Hellman & Friedman LLC will occupy 27,800 square feet of space spanning two floors in the tower of 425 Park Avenue. 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. Like its celebrated Plaza District predecessors, 425 Park will be defined by its distinctive architecture, from its lobby to its illuminated ornamental fins at its crown.
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.
About L&L Holding Company
L&L Holding Company is a privately held, vertically-integrated real estate company founded in 2000 by David Levinson and Robert Lapidus that has acquired or developed over 10 million square feet of prime commercial and residential space in New York and Florida. The company’s current portfolio includes such current and future icons as 425 Park Avenue, 390 Madison Avenue, Terminal Warehouse, TSX Broadway, 200 Fifth Avenue, Wynwood 29 North, and Central Gardens Grand. For more information, visit www.ll-holding.com.
