Bank of America Stays Put at 1133 Avenue of the Americas
By Terence Cullen June 11, 2015 9:00 am
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Bank of America (BAC) is staying on its five floors of office space at 1133 Avenue of the Americas, the building’s landlord announced today.
One of the nation’s largest banks, Bank of America inked a 10-year extension at the Durst Organization building. It currently occupies nearly 115,000 square feet in the 45-story tower between West 43rd and West 44th Streets.
Bank of America’s headquarters are currently located across the street at the corner of West 43rd Street and Avenue of the Americas.
“The next best thing to being in the building, is being next door,” Tom Bow of Durst told Commercial Observer. “We were happy to keep a financially strong tenant in the building, one in which we’ve renewed several other tenants in the last few years.”
Robert Alexander, Ryan Alexander, Ramneek Rikhy and Emily Jones of CBRE represented the bank in the deal, according to The New York Post, which first reported the news of the extension. A spokesman for CBRE declined to comment. Mr. Bow and Rocco Romeo of Durst represented the landlord in-house.
Durst recently renovated several floors of the building, as CO reported in April, following the expiration of the Internal Revenue Service’s lease in September 2014. The landlord is currently marketing the 300,000 square feet of office space between the second and 10th floors formerly occupied by the federal agency.
Tenants in the building include Charles Schwab, which in January inked an 11-year deal for roughly 22,900 square feet, CO reported earlier this year. The building was also the longtime home of the International Center of Photography’s museum, before shutting down in February. ICP, however, recently bought a condominium at 250 Bowery for $23.5 million to relocate its museum, planning for a fall move-in.
