Sandy-Displaced Aon Subleases Park Ave. Space From Cerberus

Law360, New York (November 16, 2012, 7:16 PM EST) -- Insurance company Aon Inc. has inked a 114,000-square-foot sublease with investment firm Cerberus Capital Management LP after its downtown Manhattan headquarters was damaged by Superstorm Sandy, a person with knowledge of the deal said Friday.

Aon will take over four floors at 299 Park Ave. between East 48th and East 49th streets for several months while the owner of 199 Water St., where its headquarters resides, completes repairs to the building, the source said.

The new space at 299 Park, a building owned and managed by...
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