{"id":1004170332,"date":"2017-03-24T08:41:35","date_gmt":"2017-03-24T16:41:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004170332"},"modified":"2022-12-08T16:38:26","modified_gmt":"2022-12-09T00:38:26","slug":"mitsui-fudosan-america-closes-2-mid-manhattan-leases","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mitsui-fudosan-america-closes-2-mid-manhattan-leases\/","title":{"rendered":"Mitsui Fudosan America Closes 2 Mid-Manhattan Leases"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004170334\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004170334\" data-attachment-id=\"1004170334\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mitsui-fudosan-america-closes-2-mid-manhattan-leases\/1251-avenue-of-the-americas-in-manhattan-new-york\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1251 Avenue of the Americas in Manhattan, New York\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1251 Avenue of the Americas in Manhattan, New York&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg?w=640\" class=\"wp-image-1004170334 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg\" alt=\"1251 Avenue of the Americas in Manhattan, New York\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004170334\" class=\"wp-caption-text\">1251 Avenue of the Americas in Manhattan, New York<\/p><\/div>\n<p><strong>New York<\/strong>\u2014The U.S. arm of Mitsui Fudosan, a leading Japanese real estate firm, closed two leases totaling roughly 73,600 square feet at 1251 Avenue of the Americas, a 54-story high-rise in Manhattan. The two new tenants are Berenberg Capital Markets, a subsidiary of German bank Berenberg, and global law firm McGuireWoods.<\/p>\n<p>Berenberg signed a 12-year lease for the entirety of the 53<sup>rd<\/sup> floor, or approximately 31,700 square feet. JLL&#8217;s Mitchell Konsker, Alexander Chudnoff and Benjamin Bass represented the tenant. McGuireWoods signed on for 15 years and will occupy the 20<sup>th<\/sup> floor, which adds up to 41,900 square feet. NGKF represented the law firm, with Chris Mongeluzo and Brian Cohen leading the efforts. David Falk, Peter Shimkin, Eric Cagner, Romel Canete and Nick Berger of NGKF represented Mitsui Fudosan on both leases.<\/p>\n<div id=\"attachment_1004170335\" style=\"width: 250px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004170335\" data-attachment-id=\"1004170335\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mitsui-fudosan-america-closes-2-mid-manhattan-leases\/1251-avenue-of-the-americas-in-manhattan-new-york2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg\" data-orig-size=\"640,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1251 Avenue of the Americas in Manhattan, New York\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1251 Avenue of the Americas in Manhattan, New York&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg?w=640\" class=\"size-medium wp-image-1004170335\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg\" alt=\"1251 Avenue of the Americas in Manhattan, New York\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/03\/1251-Avenue-of-the-Americas-in-Manhattan-New-York2.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004170335\" class=\"wp-caption-text\">1251 Avenue of the Americas in Manhattan, New York<\/p><\/div>\n<p>Located steps away from Radio City Music Hall and a couple of blocks from Times Square and The Museum of Modern Art, the skyscraper is situated at the western edge of Rockefeller Center, close to\u00a0four subway stations. The Rockefeller Group and Exxon originally developed the property in 1970 to serve as the latter\u2019s headquarters. Previously known as the Exxon Building, the 2.4 million-square-foot skyscraper includes 21,637 square feet of ground-floor retail.<\/p>\n<p>The current owner bought the tower in 1986. The LEED Silver-certified tower\u00a0was renovated in 1993 and has a 30 percent load factor. The property also includes 55 separately parceled and privately owned office condominiums, Yardi Matrix data shows. Hines has been the property manager for the building since 2011.<\/p>\n<p>Offering floor plates between 30,700 and 61,200 square feet, 1251 Avenue of the Americas has a diverse tenant mix. The roster includes the owner, as well as Natixis Capital Markets, Nippon Steel, Rothschild North America Inc., White Oak Global Advisors, Chase Bank, and law firms <a href=\"https:\/\/www.commercialsearch.com\/news\/dla-piper-extends-major-lease-at-manhattan-skyscraper\/\" target=\"_blank\" rel=\"noopener\">DLA Piper<\/a> and Lowenstein Sandler, among others.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new tenants will occupy nearly 73,600 square feet at premier high-rise 1251 Avenue of the Americas.<\/p>\n","protected":false},"author":740,"featured_media":1004170334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1600,21742,10,21747],"tags":[32797,32796,34597,32831,32845,34598],"class_list":["post-1004170332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-new-york","category-latest","category-northeast","category-office","tag-hines","tag-jll","tag-mcguire-woods-llp","tag-mitsui-fudosan-america-inc","tag-ngkf","tag-the-exxon-building"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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