Financial firms' midtown transaction; 2 sign for offices at 1350 Sixth Ave.; Dutch retailer takes SoHo space.(Real Estate)(Highbridge Capital Management and Schoenfeld Asset Management)

Crain's New York Business, May, 2006

Two financial services firms are moving into a Sixth Avenue building that has traditionally catered to apparel companies. Highbridge Capital Management, a hedge fund that handles more than $6 billion, and Schoenfeld Asset Management, which oversees $925 million, have signed leases totaling 25,000 square feet at 1350 Sixth Ave., at West 55th Street.

Each firm will occupy 12,500 feet--Highbridge on the entire 21st floor and Schoenfeld on the 22nd floor. The asking rent is about $65 a square foot. The tenants were represented by Cushman & Wakefield. Landlord Reckson Associates is repositioning the property as an office building for financial tenants. Reckson is marketing another 125,000 square feet that will be vacated in November when a number of men's apparel...

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