Kepos Capital is hopping from one new building to another.
Currently on the 44th floor of the New York Times building at 620 Eighth Ave., the firm that manages $3 billion in assets will move next door to 20,000 square feet on the 35th floor of 11 Times Square on the southeast corner of West 42nd Street and Eighth Avenue.
The leap was propelled by the ability to design a larger and newer space from scratch and not live through the renovations. The 1.1-million-square-foot 11 Times Square — owned by its developer, SJP Properties, in partnership with PGIM and Norges Bank — has an advanced-tech infrastructure and concierge services.
The company was represented by Ben Friedland and Michael Movshovich of CBRE, while the ownership was represented by Paul Glickman and Diana Biasotti of JLL. Asking rents are around $100 per square foot.
Kepos was founded in 2010 mostly by former Goldman Sachs executives who are fixated on quantitative global macro investment strategies, whatever those are.
In the building’s base, leading leisure park operator Parques Reunidos is creating the 45,000-square-foot Lionsgate Entertainment City as an experience, store and party palace, based on its films.
