The layoff and space-shedding wave that is swallowing up financial and tech firms hasn’t hit Two Sigma yet.
technology driven hedge fund — which employs AI as part of its business strategy — has quietly renovated 260,000 square feet at 100 Sixth Avenue for seven more years, we’ve learned. The firm also has over 100,000 square feet at 101 Sixth Avenue. next door.
No one involved would comment. Our source said the asking rent was $80 per square foot. 100 Sixth is owned by Trinity Real Estate, a joint venture between Norges Bank Investment Management and operating partner Hines.
We’re told Peter Trivelous and Chris Helgeson of Cushman & Wakefield represented Two Sigma, while Newmark’s David Falk and Peter Shimkin acted for ownership.