Skip to content
  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Land
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction Financing
    • Distress
    • Refinance
    • Deals of the Week
    • All Finance
  • Investments
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All Sales
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All Development
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All Capital Markets
  • Tech
  • Weekly Issue
  • Events
  • Power
  • More
    • Players
    • Legal
    • Policy
    • Features
    • Research & Analysis
    • Columnists
    • Partner Insights
    • Transportation
    • Videos
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Industry
  • Residential
    • Multifamily
    • Homebuilding
    • Condo
    • Hotel Condo
    • Student Housing
    • Single-Family Rental
    • Short-Term Rental
    • Senior Living
  • Office
    • Coworking
    • Flex
  • Retail
    • Shopping Centers
    • Outlet/Factory Malls
    • Supermarkets/Grocery Stores
    • Showrooms/Dealerships
    • Street Retail
  • Industrial
    • Data Centers
    • Distribution Centers
    • Industrial Outdoor Storage
    • Manufacturing
    • Self-Storage
    • Studios/Soundstages
    • Warehouse
  • Hospitality
    • Casinos
    • Convention Centers
    • Hotel/Resort
    • Restaurants
  • Land
    • Farm Land
    • Parking Lots
  • Healthcare
    • Hospitals
    • Medical Offices
    • Nursing Homes & Assisted Living
  • Life Sciences
  • Special Purpose
    • Air Rights
    • Arenas/Stadiums
    • Development Rights
    • Educational
    • Government/Military
    • Museums
    • Place of Worship
    • Theaters
  • Infrastructure
    • Airports
    • Bridges/Tunnels
    • Highways
    • Railways
  • Mixed-Use
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
    • Deals of the Week
    • All
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
    • Deals of the Week
    • All
  • Investments & Sales
    • Development Site Sale
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
    • Deals of the Week
    • All
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
    • All
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
    • All
  • Technology
  • Policy
    • Housing
    • Transportation
    • Urban Planning
    • Zoning
  • Legal
  • Weekly Issue
  • Events
  • Power Series
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Partner Insights
    • Players
    • Videos
  • Advertise
  • Contact
  • Reprints
  • Newsletters
  • Power Finance
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
  • © 2025 Observer Media · Terms · Privacy

Leases
Times Square

Presented By: Silverstein Properties

Midtown Leasing Soars

6.5M SF of Leases in Q4

By Silverstein Properties March 25, 2019 11:52 am
reprints
1177 offers open and airy floor plates that accommodate any work style.


Midtown Manhattan leasing activity is at an all-time high and the neighborhood is poised for further gains, according to a recent Cushman & Wakefield report. Six and a half million square feet of new leases were signed in Midtown in the last three months of 2018, bringing the yearly total to 23.7 million square feet—a new record.

“The neighborhood has seen incredible leasing velocity for a variety of reasons,” said Joe Artusa, Senior Vice President of Leasing for Silverstein Properties. “Central location, access to mass transit, great amenities and a variety of first class buildings.”

SEE ALSO: Rivian Plans New Demo and Service Location in NoVA
image002 3 Midtown Leasing Soars
1177 Avenue of the Americas

Silverstein recently signed a 10-year lease with private equity firm Mill Point Capital for the full 45th floor at 1177 Avenue of the Americas. The firm will move from 555 Madison into a 12,000-square-foot flexible office space in the building, joining tenants such as The Weather Channel, Signature Bank, Tradeweb and Kramer Levin Naftalis & Frankel LLP.

Mill Point is a middle-market private equity firm focused on control-oriented investments in strong and established businesses. Launched in November 2017 after operating under parent company Millstein and Co., the company raised almost $500 million to invest in mid-sized properties.

Negotiations for the landlord were handled in-house by Joseph Artusa, senior vice president, and Harlan Strader III, leasing associate. Mill Point Capital was represented by Erik Harris, senior managing director with Newmark Knight Frank.

Mill Point follows a lease extension and expansion for Anderson Tax, an independent tax, valuation, financial advisory and consulting firm occupying over 65,000 square feet. The company has been a subtenant since 2013, occupying two floors of the building. Anderson Tax will now lease those spaces directly as well as additional space on another floor.

1177 Avenue of the Americas offers a modern, personalized work experience in the center of Midtown. With open and airy floor plates to accommodate any work style and superior infrastructure designed to empower productivity, this Class A property provides tenants the freedom and flexibility to stay productive throughout the day.

image004 Midtown Leasing Soars
A modern, personalized work experience in the center of Midtown.

The 47-story tower has floor plates ranging from 9,900 to 33,900 square feet and is centrally located within close proximity to 14 subway lines, Port Authority Bus Terminal, Grand Central Station and Penn Station. Situated a short distance from Rockefeller Center, Times Square and Bryant Park, 1177 Avenue of the Americas also offers access to an endless selection of dining and cultural destinations for the perfect work-life balance.

“Today’s most successful companies look for every opportunity to attract and retain talented employees, said Jackie Manzer, tenant experience manager for Silverstein Properties. “We understand that building a company and culture takes a lot more that a desk and a phone, so at Silverstein we are proud to offer a series of customized, experience-driven amenities and services through our tenant experience program to help your employees make a life while making a living.”

INSPIRE Your Day is Silverstein’s hospitality-focused program that enhances its tenants’ work lives. Promoting wellness, beauty, learning and culture, INSPIRE hosts tenant-exclusive events, from yoga classes, happy hours and culinary experiences to lectures and massage sessions, as well as offering employees neighborhood discounts and perks.

1177 Avenue of the Americas, Anderson Tax, Bryant Park, Erik Harris, Grand Central Station, Harlan Strader III, Joe Artusa, Millstein and Co, Penn Station, Port Authority Bus Terminal, Rockefeller Center, Sponsored, sponsored-link, The Weather Channel, Tradeweb, Cushman & Wakefield, Kramer Levin, Mill Point Capital, Newmark, Signature Bank, Silverstein Properties
 
Trending Stories
Industrial · Leases
Virginia

Rivian Plans New Demo and Service Location in NoVA

Industry · Investments & Sales
Florida

Related Ross Hires Former Exec from Florida Power & Light

Industrial · Investments & Sales
California

MSI Buys Link Logistics Warehouse in L.A. County for $65M

Office · Development
New York City

SL Green Files Plans to Convert 750 Third Avenue Into 680 Apartments

Rivian CEO RJ Scaringe and a close-up of a Rivian vehicle in a showroom.
Industrial · Leases
Virginia

Rivian Plans New Demo and Service Location in NoVA

By Nick Trombola
Peter Kalikow, president of HJ Kalikow & Co., and 101 Park Avenue.
Office · Leases
New York City

Law Firm Fox Rothschild Expands to 75K SF at 101 Park Avenue

By Amanda Schiavo
An aerial night view of Salesforce Tower and buildings in San Francisco.
Office · Leases
California

AI Firms Continue to Boost San Francisco’s Office Market — a Lot

By Patrick Sisson
More

  • Industry
    • Residential
    • Office
    • Retail
    • Industrial
    • Hospitality
    • Healthcare
    • Life Sciences
    • Special Purpose
    • Infrastructure
    • Mixed-Use
  • Leases
    • Office Leases
    • Ground Lease
    • Sublease
    • Tenant Talk
  • Finance
    • Acquisition
    • Construction Financing
    • CMBS
    • Distress
    • Refinance
  • Investments
    • Development Site
    • Portfolio Sale
    • Sale-Leaseback
    • Value-Add
  • Development
    • Architecture
    • Construction
    • Conversion
    • Redevelopment
    • Sustainability
  • Capital Markets
    • Alternative Lending
    • Earnings
    • Economy
    • Foreign Investments
    • Private Credit
    • Private Equity
    • Public Markets
    • REITs
  • Technology
  • More
    • Features
    • Columnists
    • Research & Analysis
    • Legal
    • Players
    • Transportation
  • About
    • Membership
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2025 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap