The wave of austerity and space shedding sweeping financial and technology companies has not yet reached Two Sigma.
The tech-driven hedge fund — which uses AI as part of its trading strategy — quietly extended on 260,000 square feet for another seven years at 100 Sixth Ave., we learned. The company also has over 100,000 square feet at 101 Sixth Ave. next-door.
None of those involved declined to comment. Our source said the rent being asked was $80 per square foot. The owners of 100 Sixth are a joint venture of Trinity Real Estate, Norges Bank Investment Management and operating partner Hines.
We were told that Cushman & Wakefield’s Peter Trivelas and Chris Helgesen represented Two Sigma, while Newmark’s David Falk and Peter Shimkin acted for the property.