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Article: Trader bargains for bigger space; Liquidnet gets tech upgrade, expands on Seventh Avenue; Apple's eyes peeled.(Real Estate)
- Article from:
- Crain's New York Business
- Article date:
- December 19, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Liquidnet inc., an electronic trading firm, has agreed to stay put in midtown and expand its office space. In return, its landlord is promising to upgrade the building's technology.
The firm has taken 40,000 square feet at 498 Seventh Ave., between West 36th and West 37th streets, for a total of 100,000 square feet.
The lease was completed after months of negotiations with landlord George Comfort & Sons, which agreed to make the improvements, says Scott Pudalov, an executive vice president at CB Richard Ellis, who represented Liquidnet.
"For Liquidnet to operate properly, it needed the whole building to be upgraded with high-tech services, such ...
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