{"id":1004209703,"date":"2018-03-09T08:15:24","date_gmt":"2018-03-09T16:15:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209703"},"modified":"2018-03-09T08:15:24","modified_gmt":"2018-03-09T16:15:24","slug":"stepstone-group-relocates-manhattan-offices","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stepstone-group-relocates-manhattan-offices\/","title":{"rendered":"StepStone Group Relocates Manhattan Offices"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004209707\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209707\" data-attachment-id=\"1004209707\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stepstone-group-relocates-manhattan-offices\/lexington\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"450 Lexington Ave., New York City\" data-image-description=\"&lt;p&gt;450 Lexington Ave., New York City&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;450 Lexington Ave., New York City&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg?w=800\" class=\"wp-image-1004209707 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg\" alt=\"450 Lexington Ave., New York City\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/lexington.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209707\" class=\"wp-caption-text\">450 Lexington Ave., New York City<\/p><\/div>\n<p>StepStone Group has relocated its <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-trophy-building-welcomes-new-tenants\/\">Midtown Manhattan offices<\/a> further east, signing a new lease with RXR Realty. The equity firm will occupy 30,000 square feet of office space on Lexington Avenue, as it has outgrown its 19,000-square-foot space within The Lipstick Building, located at 885 Third Ave. StepStone has subleased its prior location to law firm Fox Horan &amp; Camerini LLP.<\/p>\n<p>The 910,273-square-foot 450 Lexington Ave. spreads across 40 stories and includes an additional 5,000 square feet of retail space. Built in 1989, the asset features recently renovated interiors, upgraded building systems, expansive floor plates, on-site property management and ground-floor and garden lobbies. Notable tenants include Davis Polk and Wardwell, Warburg Pincus, Morgan Stanley and Federated Investors.<\/p>\n<p>The Class A property is situated in the Plaza District, which is famed for containing a large number of trophy towers, as well as Fortune 500, law and financial firms. The asset is steps\u00a0away from Grand Central Terminal, retailers, eateries and accommodation options.<\/p>\n<p>Savills Studley\u2019s David Carlos, Kurt Handschumacher and David Dwight represented StepStone in both lease transactions.\u00a0<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The private equity firm will occupy 30,000 square feet of space on Lexington Avenue to accommodate its business expansion. It has subleased its former location to a law firm. <\/p>\n","protected":false},"author":241,"featured_media":1004209707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[34956,34489,32775],"class_list":["post-1004209703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-lipstick-building","tag-rxr-realty","tag-savills-studley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>StepStone Group Relocates Manhattan Offices - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stepstone-group-relocates-manhattan-offices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StepStone Group Relocates Manhattan Offices\" \/>\n<meta property=\"og:description\" content=\"The private equity firm will occupy 30,000 square feet of space on Lexington Avenue to accommodate its business expansion. 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