Deloitte Takes 98K-SF Rockefeller Center Office Space
By Rebecca Baird-Remba April 12, 2017 10:52 am
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Multinational accounting company Deloitte has scooped up 98,000 square feet of office space at Rockefeller Group’s 1221 Avenue of the Americas.
The corporation signed on for the full 39th and 40th floors of the office tower between West 48th and West 49th Streets, The New York Post first reported. Formerly known as the McGraw-Hill building, 51-story office development was built in 1969 as part of the larger Rockefeller Center office complex.
Deloitte is expanding from its 430,000-square-foot offices at Tishman Speyer’s 30 Rockefeller Plaza and taking additional space at 1221, which is right across Avenue of the Americas, according to a press release from Rockefeller Group.
A source close to the deal told Commercial Observer asking rents were “north of $100 a square foot.”
Between 2013 and 2016, Rockefeller Group spent $30 million upgrading the street-level façade, lobby, entrances and interior stonework. Deloitte’s lease brings the total number of new leases and renewals in the building up to 1.5 million square feet since Rockefeller Group first announced its renovation plans four years ago, according to the release.
The 2.5-million-square-foot building is now 98 percent occupied, with 65,000 square feet remaining on the second and 15th floors.
Rockefeller Group’s Ed Guiltinan handled the lease negotiations in-house, and John Cefaly and Robert Lowe of Cushman & Wakefield represented Deloitte. Guiltinan couldn’t be reached for comment, and C&W declined to comment.
