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Alvarez & Marsal Capital to open new Florida office

Private equity firm Alvarez & Marsal Capital has joined the growing number of private equity and hedge fund firms succumbing to the lure of the Sunshine State with plans to open a new office in West Palm Beach, according to a report by Bloomberg.

The report cites a company statement on Wednesday as confirming that Greenwich-based firm, which has more than $4.6bn under management, has signed a lease for around 10,000 sq ft (929 sq m) at 300 Banyan, a 12-storey office development that’s currently under construction. AMC already has offices in Manhattan Beach, California, and London as well as it Connecticut HQ.

The building, which is being developed by Brand Atlantic and Wheelock Street Capital, comprises six storeys of office space with shaded private terraces on every other floor, as well as an indoor-outdoor gym, a golf simulator lounge and a rooftop cocktail bar.

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