RBC Capital Nabs More Rock Center Space
Tobias Salinger Nov. 14, 2014, 12:05 p.m.
Financial services group Nordea Bank and investment bank RBC Capital Markets booked largescale leases at 1211 Avenue of the Americas, Crain’s New York Business reported earlier this week.
RBC Capital Markets, a subsidiary of the Royal Bank of Canada, will expand by 15,000 square feet to a total of 63,000 square feet on the 29th and 33rd floors of the 44-story tower in the Rockefeller Center area, the publication reported.
Nordea, which operates bank branches, call centers and online platforms in Scandanivia and the Baltic region of Europe, will relocate from a Madison Avenue location to the entire 42,000-square-foot 23rd floor, the Crain’s story said.
Josh Kuriloff and Mitchell Arkin of Cushman & Wakefield lead the building’s leasing team, according to the story, but officials at C&W didn’t respond to requests for comment. The story didn’t list any brokers on the tenant side of the transactions.
Representatives for Nordea and RBC didn’t immediately respond to an email inquiry, and neither financial company lists the Avenue of the Americas property as a location on their websites.
Ivanhoe Cambridge, which is a real estate subsidiary of a Quebec-based institutional fund manager, purchased a 51-percent controlling stake in the property with strategic partner Callahan Capital Properties for $850 million last year, as Commercial Observer previously reported. Officials at Ivanhoe declined to comment, and representatives reached by phone at the 49-percent partner owner of the building, Beacon Capital Partners, declined to comment.
News Corp. and Axis Reinsurance operate out of offices at the 2-million-square-foot building that’s between West 47th and West 48th Street, the building’s website says. Average asking rents for Class A buildings in the Rockefeller Center area run for $86 per square foot, according to the latest quarterly report from C&W.