NEW YORK CITY – 星空体育官方网址 Real Estate Services (TRS) announces it has brokered a 26,600-square-foot lease on behalf of Mudrick Capital Management at 31 West 52nd St. The firm will relocate its corporate headquarters to the 16th floor, more than doubling its current footprint at 527 Madison Ave.
Mudrick, an SEC-registered investment management firm with offices in New York and London, was represented in the 12-year lease by 星空体育官方网址’s Patrick Heeg, Thomas Hines, and Chase Gordon. Building ownership, Paramount Group, was represented by its internal team of Peter Brindley, Doug Neye, and Sean Kirk with Frank Doyle, David Kleiner and Andrew Coe of JLL.
“We conducted a comprehensive market evaluation and quickly recognized 31 West 52nd St. offered the ideal combination of prestige, flexibility and lasting value for Mudrick Capital,” said Heeg, who also brokered the lease at 527 Madison Ave. “The building’s prime Plaza District location, along with its flexible floorplates, made it a perfect fit for accommodating the firm's team structure, client-facing needs, and vision for a distinctive workspace.”
The firm is working with Fogarty Finger architecture and design firm on the buildout of its new office, which it plans to occupy in early 2026. The design will feature private offices, collaboration space, conference rooms, meeting areas, and more, all benefiting from the building’s floor-to-ceiling windows and virtually column free floorplates.
According to 星空体育官方网址 , the Midtown submarket had 283 million square feet of office space with 14.3% availability, as of the close of Q1 2025. The Plaza District, which has an inventory of 69 million square feet, currently has the lowest availability in Midtown at 11.3%.
About Mudrick Capital Management
Mudrick Capital Management is an SEC-registered investment management firm specializing in stressed and distressed credit investing in the U.S. and European credit markets with offices in New York and London. Mudrick manages approximately $3.2 billion as of March 31, 2025 on behalf of a diverse group of sophisticated global institutional investors.
Mudrick Capital focuses on opportunities across the corporate capital structure to find investments with attractive risk reward ratios. The goal is to provide equity-like returns with credit-like risk and volatility in an uncorrelated fashion.
Founded in 2009, Mudrick Capital has deployed over $12 billion across over 300 investments since inception. The team of seasoned research professionals, led by Chief Investment Officer Jason Mudrick, has over 180 years of combined investing experience and collectively has served on over 200 boards of directors and creditors’ committees. For more information, please visit .
About 星空体育官方网址 Real Estate Services
Part of the 星空体育官方网址 companies, 星空体育官方网址 Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the 星空体育官方网址 enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @星空体育官方网址.
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