RXR Realty files plans for $7.4M tenant build-out at Helmsley Building

RXR Realty, on July 30, filed a permit application for a $7.4 million tenant build-out for the financial services firm INTL FCStone at the Helmsley Building at 230 Park Avenue in Grand Central.

The plans call for a build-out of the 10th floor of the 420-foot tall, 35-story, building.

The project is described in the filings as: general construction modifications taking place on the 10th floor as per plans filed herewith. No change in use, egress or occupancy. The initial cost as reported in the DOB filing for the work described in this permit application is $7,354,889.

Ted Moudis Associates is the architect named.

Earlier this year, INTL FCStone, a global brokerage and financial services firm, leased the entire 73,000-square-foot 10th floor of the building. The Fortune 500 company had previously operated out of two offices at 155 East 44th Street and 530 Fifth Avenue, before deciding to consolidate in RXR’s tower. Other high profile tenants include 5W Public Relations, Cornell University, Comerica Bank, Encyclopædia Britannica, and LexisNexis, to name a few.

In total, INTL FCStone has approximately 1,600 employees with over 20,000 customer accounts across 130 countries and five continents, according to a New York Post article.

The property was acquired for $1.2 billion on May 5, 2015. RXR purchased it, with the help of a $785 million acquisition loan from American International Group, from a partnership between Monday Properties, Invesco and South Korea’s National Pension Service. At the time of the purchase, no other partners were named. However, months later it was reported that The Blackstone Group had partnered with RXR and held a minority stake in the tower.

These are the 12th renovation plans filed by RXR this year at the building.

Direct link to Acris document.LINK

Direct link to DOB document.LINK