Quontic Bank Leaves Astoria for Rockefeller Center
By Rebecca Baird-Remba May 17, 2019 1:16 pm
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Quontic Bank is moving its corporate headquarters from Astoria, Queens to Midtown.
The financial institution inked a six-year sublease for 19,799 square feet on the entire ninth floor at Tishman Speyer’s 1 Rockefeller Plaza, according to information from JLL (JLL), which handled the transaction for Quontic. Asking rent in the deal was $68 a square foot.
The bank will relocate from 31-05 Broadway in Astoria, Queens to the 34-story building between West 48th and West 49th Streets in July. The 600,000-square-foot Art Deco office tower was constructed in 1937 and acquired by Tishman Speyer in 2001.
Alexander Chudnoff, Benjamin Bass and Harrison Potter of JLL represented Quontic in the sublease, while Greg Taubin, Scott Bogetti and Sean Hoffman of Savills handled the deal for the sublandlord, chemical distributor Trammo. A Savills spokeswoman didn’t immediately return a request for comment.
Chudnoff said in a statement that the bank was relocating “as part of its expansion and conversion to a digital bank and was focused on finding the best platform to continue growing its expanding business in Manhattan.”
