Tech hedge fund Two Sigma extends lease on lower Sixth Avenue

The wave of layoffs and space cuts that has swept through financial and technology companies has not yet touched Two Sigma.

As we learned, a high-tech hedge fund that uses artificial intelligence as part of its trading strategy has quietly extended 260,000 square feet for another seven years at 100 Sixth Avenue. The firm also has over 100,000 square feet at 101 Sixth Avenue next door .

None of those involved would comment. Our source said the asking rent is $80 per square foot. 100 Sixth is owned by a joint venture between Trinity Real Estate, Norges Bank Investment Management and operating partner Hines.

We were told that Peter Trivelas and Chris Helgesen of Cushman & Wakefield represented two sigma, while David Falk and Peter Shimkin of Newmark advocated ownership.