Title Insurance Company Renews in Midtown East
Chicago Title Insurance Company recently hammered out a deal to stay in its longtime office space at SL Green Realty Corp.’s 711 Third Avenue, according to a release from CBRE.
The 160-year-old company renewed its 30,035 square feet on part of the fifth floor in the office building between East 44th and East 45th Streets, near Grand Central Terminal. The length of the lease and asking rent weren’t immediately available. The national firm first moved into the building in 1999.
Gary Rosen and Howard Tenenbaum handled the transaction in-house for SL Green. And CBRE’s Joseph Fabrizi and Arkady Smolyansky represented Chicago Title Insurance. Neither CBRE nor SL Green responded to requests for comment.
Other tenants in the 1956 office tower include information services firm Informa, consulting company McKinsey & Co., Ricoh USA, Ackman-Ziff Real Estate Group and Schlesinger Associates, as Commercial Observer has previously reported.
SL Green purchased the 19-story, half-million-square-foot commercial property for an undisclosed amount in 1998 and spent several million dollars renovating the 1956 building in 2010.