Fixed-income hedge fund Element Capital is expanding its New York offices.
The firm has signed a 10-year expansion deal at SL Green’s 600 Lexington Avenue, doubling its space to 13,500 square feet on the 33rd and 34th floors of the building, reports The Commercial Observer.
Rent will start in the mid-$70s per square foot, according to CompStak data. Element first moved into 600 Lexington in 2009, when 34th floor rents started in the low-$70s.
Element's neighbors at 600 Lexington include MKP Capital Management, Samson Capital Advisors and Falcon Investment Advisors.