Technology-driven hedge fund Two Sigma is in the market for a major space expansion and consolidation that could be worth a fortune to a number of Manhattan landlords.
Although it’s rarely in the press, the international, privately held firm boasts $58 billion in assets under management. It’s currently headquartered in a mini-campus at 100 and 101 Sixth Ave. in Tribeca, according to its Web site.
Now, we’re told by sources that the setup and floor plates there no longer work for the company. With lease expirations looming in 2023, Two Sigma is prowling for larger new digs — of 400,000 to 600,000 square feet — in either the FiDi area or Midtown South. Cushman & Wakefield is said to be leading the search.
Landing Two Sigma would be a breakthrough for several older office buildings that are either vacant or soon will be. Among them: EQ’s 1740 Broadway, Paramount Group’s 60 Wall St., Rudin’s 3 Times Square and 80 Pine St., RXR’s Five Times Square and Nightingale’s 111 Wall St.
Large blocks are also up for grabs at Brookfield’s brand-new Two Manhattan West, Tishman Speyer’s Spiral and L&L Holdings’ 425 Park Ave., as well as at two completely redesigned towers