Real estate firm signs additional leases at Midtown Class A office tower
Kamber Management Company, a New York City-based owner and operator of commercial real estate, announced it has signed approximately 15,000 square feet of new office leases at Tower 45, a modern Class A office building in the heart of Midtown Manhattan. The 458,446-square-foot office tower was acquired by Kamber Management Company in September 2015. Mitti Liebersohn of Avison Young and Steven Levy of Kamber Management Company represented ownership in the transactions.
New leases and renewals at Tower 45 include the following:
Opti Capital Management, a newly-launched hedge fund, has signed a three-year lease for 2,105 square feet on the 30th floor. Jasmin Ji at Compass represented the tenant in this transaction.
Tibco, a software company that targets digital businesses, has renewed a five-year lease for the full 18th floor, totaling 12,919 square feet. Jamie Kacher at Cushman and Wakefield represented the tenant in this transaction.
“We are pleased to have Opti Capital Management and Tibco as part of the Tower 45 tenant community,” said Steven Levy, Managing Principal of Kamber Management Company. “As we continue to progress with the capital improvements at the building, we are pleased to welcome leases that align with Tower 45’s position as one of the premier office buildings in Midtown Manhattan.”
Since acquiring 120 West 45th Street in September 2015, Kamber Management Company has invested in a multimillion-dollar capital improvements program that will focus on building infrastructure and reimagining common areas, as well as a reimagined atrium and lobby. Most recently, Kamber Management has engaged renowned architecture firm Pei Cobb Freed & Partners to design select new improvements at Tower 45. The office building has customized pre-built suite spaces ranging from 1,500 to 6,500 square feet, as well as full floors of approximately 10,000 to 13,000 square feet, which are also available.
About Kamber Management Company
Kamber Management Company is a third-generation, family-owned company established over 75 years ago that invests in, owns and operates commercial and retail real estate assets. Kamber Management manages and leases the family's real estate interests, as well as a broader spectrum of investments. The firm’s portfolio consists of more than 1 million square feet of office and retail space in New York City, Long Island, Connecticut, Maryland, Illinois, North and South Carolina, Texas, including its new flagship property, Tower 45, a 458,446-square-foot Class A office building in Midtown Manhattan. Avison Young is the exclusive leasing agent for Tower 45. For all Tower 45 leasing inquiries, please contact Mitti Liebersohn at mitti.liebersohn@avisonyoung.com.
