Deutsche Bank branch renews lease at 345 Park Avenue

Deutsche
Investment Management Americas, a unit of Deutsche Bank, has renewed
its 150,000-square-foot space at 345 Park Avenue, between 51st and 52nd
streets. The 10-year lease at Rudin Management’s building goes into
effect in January 2010. The asking rent was not disclosed, but it is
estimated to be more than $100 per square foot. Deutsche Investment
Management Americas has been at 345 Park Avenue since 2001 when it took
over Scudder Investments, which had been in the building since the
1970s.