Calif.-Based REIT Takes Full 22K-SF Floor at Midtown Office Tower
By Liam La Guerre March 1, 2017 1:04 pm
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California-based real estate investment trust Equinix has signed a 22,111-square-foot lease at 1133 Avenue of the Americas, according to the property’s landlord, Durst Organization.
The company, which focuses on data centers, will occupy the entire 16th floor of the 45-story Midtown office building between West 43rd and West 44th Streets. The asking rent in the 10-year lease was $75 per square foot.
Equinix is moving from Vornado Realty Trust’s 1540 Broadway between West 45th and West 46th Streets. It was not immediately clear when the company would relocate.
Cushman & Wakefield’s Jeffrey Heller and Gregory Skaler represented Equinix in the deal while Tom Bow and Rocco Romeo represented Durst in-house.
“We have upgraded a mid-century modern classic with the technology and amenities that 21st-century tenants demand,” Jonathan Durst, president of Durst, said in a prepared statement. “1133 now provides the best of both worlds: a timeless design and state-of-the-art operations.”
The 1.1-million-square-foot building was erected in 1968. In December 2016, the landlord announced that Take-Two Interactive Software, a video game company, had signed a 61,383-square-foot deal at the tower, as CO previously reported.
The C&W brokers did not immediately respond to a request for comment via a spokesman.
The Real Deal first reported news of Equinix’s lease.
