C.V. Starr & Co., Inc. Leases 141,000 SF at 399 Park Ave.

19 Oct, 2009, New York

Cushman & Wakefield today announced that C. V. Starr & Co., Inc., (C. V. Starr) an independently owned holding company with insurance agencies and a portfolio of global investments, has completed a 141,000-square-foot lease for its world headquarters office at 399 Park Ave. in New York.

The company, which previously occupied a full floor in the building, will relocate employees from other offices in the New York area.

C. V. Starr signed a long-term lease at 399 Park Ave., which is located in the Plaza District between 53rd and 54th Streets, and will occupy three full floors in the building.

Cushman & Wakefield brokerage professionals John Picco, David Stockel, August DiRenzo and Andrew Behymer represented C. V. Starr in its office space evaluation, site search and lease negotiation. The landlord, Boston Properties, was represented in-house by Andrew Levin, as well as Peter Turchin, John Powers and Greg Rothkin of CB Richard Ellis.

"This is a perfect example of the kind of forward thinking strategy innovative firms are employing now to take advantage of the recent changes in the market," said Mr. Picco, a Cushman & Wakefield executive director. "C. V. Starr identified its ideal occupancy scenario, which included location, quality and flexibility for expected future growth, and was able to secure an opportunity to realize its requirements at favorable terms."

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About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

About C. V. Starr & Co., Inc.
C. V. Starr & Co. Inc. (C. V. Starr) is an independently owned holding company with insurance agencies and a portfolio of global investments. Through its wholly owned insurance agencies, C. V. Starr writes specialty lines covering aviation, marine, energy, excess casualty, property, accident and health, and excess stop loss insurance for employer sponsored benefit plans, including risks with international exposures. These agencies provide a broad spectrum of value-added specialized services including claims handling and settlement, risks assessment and loss prevention, and customer focused attention. C. V. Starr?s significant presence in global markets, backed by the company?s expertise, has made it an industry leader for more than 50 years. C. V. Starr is headquartered in New York City and has worldwide operations and offices across the US, in Canada, London, Antwerp, Rotterdam, Cologne, Milan, Moscow, Hong Kong, Shanghai and Beijing.

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