International trading company Merus Global Investments is moving its headquarters from the Financial District to 8,300 square feet at 3 Park Avenuebetween East 33rd and East 34th Streets, Commercial Observer has learned.
The company, founded in December 2015 and with a branch office in Austin, Texas, will occupy a portion of the 29th floor in the 41-story office tower when it moves from 88 Pine Street between Water and Front Streets in the third quarter. The lease is for 11 years with an asking rent of $75 per square foot, according to information provided by the landlord, Cohen Brothers Realty Corporation.
As CO reported last November, the 1975-built, 936,312-square-foot building is undergoing a $30 million makeover including new lobby and façade designs. The building is home to retail tenants New York Sports Club, Starbucks Coffee and Le Pain Quotidien on the street level, and office tenants such as mega-publisher Houghton Mifflin Harcourt and eatery Dean & DeLuca, which took space in the building last year, as CO previously reported, and will move in later this quarter.
George Keller and Evan Algier of Cushman & Wakefield represented the tenant and Marc Horowitz represented landlord in-house. C&W spokesmen didn’t respond with a comment and Horowitz was unreachable.