Brian G. Goldman and John P. Moran III of Newmark Knight Frank represented Pharo Management in a 10,776-square-foot lease at 1370 Avenue of the Americas, which involved relocating two other tenants to other floors and finding temporary space in the building during the construction phase. Pharo will more than double its size, capitalizing on the ability to now occupy the entire 26^th floor for a term of 10 years.

"This was a very unique transaction because of the moving pieces, which required a great deal of cooperation among the various parties," explains Goldman. "It's a great opportunity to obtain full-floor presence and increase visibility, which was important, while allowing Pharo to maintain its desired location and Central Park views." Moran adds, "The timing of this transaction was ideal."

Goldman and Moran also represented Pharo Management in its previous lease transaction. Paul Amrich and Fernando Urrutia of CB Richard Ellis represented ownership, The Principal Financial Group.

About Newmark Knight Frank

Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.