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Article: Fund manager rolls onto Fifth.(Real Estate)(Royce Funds and Legg Mason Inc.)(KGB United signed a lease)(Joey Showroom leases with Waterfront New York Realty Corp)
- Article from:
- Crain's New York Business
- Article date:
- August 18, 2008
- Author:
CopyrightCOPYRIGHT 2008 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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Small-company specialist takes 55,000 square feet on East 57th Street
The royce funds has signed a 15-year deal for 55,000 square feet at 745 Fifth Ave., between East 57th and East 58th streets. The money management operation, a subsidiary of Legg Mason, specializes in investing in small companies.
The firm is currently at 1414 Sixth Ave. and is scheduled to move into the new offices during the first quarter of 2009. Asking rent for the space, which covers the building's 21st through 24th floors, was $140 a square foot.
Royce was represented by Peter Riguardi, president of Jones Lang LaSalle's New York office, and his colleague, Cynthia ...