Newmark Knight Frank: 1251 A of A 99 Percent Full
Jotham Sederstrom Feb. 11, 2011, 11:44 a.m.
1251 Avenue of the Americas
In yet another indication that things are looking up, Newmark Knight Frank has leased up all but 1 percent of office space at 1251 Avenue of the Americas, brokers at the firm told The Commercial Observer.
Over the last two months, in fact, more than 300,000 square feet have been leased at the Mitsui Fudosan America-owned building. Among the new tenants are the New York branch of French banking firm Natixis, which inked a deal at the end of 2010 for 182,200 square feet on floors three through five of the 54-story tower, brokers said. Last week, the investment banking firm Sandler O’Neill + Partners signed a lease for 75,000 square feet while the Bank of Tokyo-Mitsubishi UFJ expanded by 44,100 square feet for a total of 248,100.
“Over the last eight weeks, we’ve brought the building to 99 percent occupancy,” said David Falk, the firm’s tri-state president, who, along with Peter Shimkin, Nick Berger and Romel Canete, represented Mitsui Fudosan. “We’re especially happy to point out that of the very few, large, pure relocations in the midtown market, we’ve attracted two of the most recognized and successful firms, Natixis and Sandler O’Neill + Partners.
“Corporate tenants recognize there are opportunities to move into prime locations,” Mr. Falk added, “and these commitments speak volumes about the quality and space efficiency of 1251 Avenue of the Americas.”