Piper Sandler inks 140K sf lease at Paramount building

Albert Behler’s Paramount Group quietly inked another big lease last quarter. Investment bank Piper Sandler leased 140,000 square feet at Paramount’s 1301 Sixth Avenue in Midtown Manhattan, the New York Post reported. The landlord disclosed the lease during its second-quarter earnings call. The starting rent on the deal was above $90 per square foot, according to Paramount executives. It’s unclear if the lease will impact Piper Sandler’s space at 1251 Sixth Avenue, where the bank expanded its footprint in 2020, according to CoStar. JLL’s Frank Doyle and Andrew Coe represented the landlord, while JLL’s David Kleiner, Lisa Kiell and Barbara […]This article originally appeared on The Real Deal. Click here to read the full story.