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Ken Griffin: I Agreed To Pay How Much For New York Offices When Anne Was Pissing Me Off?

Citadel’s gonna see if there’s anything out there in the sub-$300/square foot range.
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By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

By Paul Elledge [CC BY-SA 4.0], via Wikimedia Commons

Appearancestothecontrary, Ken Griffin didn’t become Illinois’ wealthiest man by throwing money away. Sure, being the third-highest-paid hedge fund manager on earth helps, but it’s mostly about knowing which paintings are worth that half-billion dollars, and which New York City offices aren’t really worth that record $300 per square foot that seemed reasonable when your soon-to-be-ex-wife was making you really mad. Especially when said office space, which you were really looking forward to moving into this year, won’t be ready for another two.

The company has the right to get out of its lease because construction is delayed, Crain’s reported, and has hired JLL to look for office space.

“It’s an opportunity to check the market and re-examine whether the lease they signed two years ago is still the best deal for the firm,” one source told the news outlet….

Other sources told Crain’s that Citadel is merely looking for space to move into until the building is finished, and that the company is actually considering expanding at the new development.

Is Citadel having second thoughts about moving to 425 Park? [The Real Deal]
Four hedge fund managers top $1 billion in pay as the industry rebounds [CNBC]

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