The Durst Group has inked a lease enlargement to 22,916 sq. ft at 1133 Avenue of the Americas, the 1.1 million-square-foot Class A workplace tower in Manhattan’s Plaza District.
The tenant in query is Interactive Brokers Group Inc., which beforehand occupied 16,940 sq. ft on the constructing’s thirty sixth flooring and has now elevated its footprint by 5,976 sq. ft for the subsequent seven years. The owner was represented in home whereas CBRE negotiated on behalf of the tenant.
The 45-story workplace high-rise got here on-line in 1970 and was utterly renovated in 2013, in response to CommercialEdge info. The tower options 20 passenger elevators, floorplates between 22,000 sq. ft and 35,000 sq. ft and 124 automobile parking spots.
Notable tenants at 1133 Avenue of the Americas embrace The Chiba Financial institution, LGT Capital Companions, ING Monetary Holdings and The Nationwide Basketball Gamers Affiliation, amongst others, the identical supply reveals.
The LEED Gold-certified property went by way of a $40 million capital enchancment program in 2016, that resulted in an upgraded travertine foyer with a brand new safety desk, greater than 5,000 sq. ft of inexperienced roof and a number of landscaped terraces.
The workplace tower is near a number of bus and subway stations, 4 miles from the Monetary District. The situation can also be 10 miles from Brooklyn, N.Y., and 16 miles from John F. Kennedy Worldwide Airport.
CBRE’s Tim Dempsey, Roger Griswold and Chris Hogan negotiated on behalf of the tenant. Durst was represented in-house by Tom Bow, Rocco Romeo and Nora Caliban.
Manhattan leasing offers thus far this yr
Vital workplace offers signed in Manhattan for the reason that begin of 2024 embrace Paramount Group’s 74,000-square-foot deal at 1301 Avenue of the Americas, that was signed final month. Residents Financial institution is the newest tenant on the 1.7 million-square-foot workplace constructing.
Throughout the identical interval, Ekimetrics—an information science and AI-powered options firm—relocated its solely U.S. workplace to 120 Broadway, a 1.9 million-square-foot skyscraper owned by Silverstein Properties, in Decrease Manhattan. The tenant dedicated to 24,367 sq. ft for the subsequent 10 years.
One other notable deal was skincare and sweetness model Sol de Janeiro USA’s 57,203-square-foot lease at One Grand Central Palace, a 1.3 million-square-foot workplace property owned by Empire State Realty Belief. The tenant expanded its New York Metropolis presence and can use the brand new house for 11 years.