The financial services firm will occupy the entire 16th floor of the 41-story structure between West 44th and West 45th Streets. The asking rent in the 15-year deal was $85 per square foot, as The New York Post reported. The company will relocate its offices from 610 Fifth Avenue between West 49th and West 50th Streets.
“Boutique financial service firms are the perfect fit for the newly repositioned 1155,” Jonathan “Jody” Durst, president of Durst, said in a prepared statement. “Smaller, window-rich floors with limited numbers of columns and outstanding transit connectivity make 1155 Avenue of the Americas the ideal location for financial service firms with public-facing practices.”
Andrew Stein of Vicus Partners represented Robert W. Baird, while Durst was represented in-house by Rocco Romeo. Stein did not immediately return a request for comment.
Durst is currently spending $110 million to renovate the 790,000-square-foot building at 1155 Avenue of the Americas, which includes a new lobby, new windows, a rooftop pavilion with views of Bryant Park.
Robert W. Baird has more than 100 offices in North America, Asia and Europe, according to its website.