{"id":1004603006,"date":"2022-09-16T03:52:11","date_gmt":"2022-09-16T11:52:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004603006"},"modified":"2023-04-04T03:56:52","modified_gmt":"2023-04-04T11:56:52","slug":"paramount-signs-142-ksf-manhattan-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/","title":{"rendered":"Paramount Inks 142 KSF Manhattan Lease"},"content":{"rendered":"<div id=\"attachment_1004603007\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004603007\" data-attachment-id=\"1004603007\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/1301-ave-of-aemricas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg\" data-orig-size=\"800,620\" 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;\\u00a9 Yardi Systems, Inc.&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;1&quot;}\" data-image-title=\"1301 Ave of Americas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1031 Avenue of the Americas. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg?w=800\" class=\"size-medium wp-image-1004603007\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004603007\" class=\"wp-caption-text\">1301 Avenue of the Americas<\/p><\/div>\n<p><strong>Paramount Group Inc.<\/strong> has signed a 15-year lease with <strong>O\u2019Melveny &amp; Myers LLP<\/strong> at 1301 Avenue of the Americas, a trophy office building in New York City&#8217;s Midtown Manhattan.<\/p>\n<p>Located between 52nd and 53rd streets, the entire building comprises 1.7 million square feet. The newly signed lease is 142,000 square feet.<\/p>\n<p>Floors 17 through 20 will be occupied by OMM. The space is currently taken by <strong>Credit Agricole<\/strong> whose lease ends in February 2023. The signing covers Paramount\u2019s largest expiring lease of 2023.<\/p>\n<p>According to <a href=\"https:\/\/apps.commercialcafe.com\/broker\/content\/#!\/propertyDetails\/144827\" target=\"_blank\" rel=\"noopener\">CommercialEdge data<\/a>, the 45-story high-rise was built in 1965. It features 15,000 square feet of retail space. Current tenants at 1301 Avenue of the Americas include SVB Securities, Swiss Re Group, Rafferty Holdings, Cr\u00e9dit Agricole, Susman Godfrey and Delcath.<\/p>\n<p><strong>SVB Securities<\/strong> recently expanded its lease in the office building, <a href=\"https:\/\/www.commercialsearch.com\/news\/paramount-secures-lease-expansion-at-nyc-trophy-tower\/\">signing a total of 139,176 square feet<\/a>.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/mba-takes-a-stab-at-untangling-future-of-office-demand\/\">MBA&#8217;s Take on the Future of Office Demand<\/a><\/p>\n<hr \/>\n<p>In the last year, Paramount has leased out more than 450,000 square feet at 1301 Avenue of the Americas.<\/p>\n<p>Office sales in Manhattan, on a year-to-date basis through June, <a href=\"https:\/\/www.commercialsearch.com\/news\/manhattan-office-deal-volume-increased-in-q2\/\">added up to a total of $2.85 billion<\/a>, the largest volume across the nation. Last year at the same point, sales reached $2.12 billion. While deal volume increased, the average price per square foot decreased: In mid-2021, the figure was $1,249 versus $880 by the end of June this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>O\u2019Melveny &amp; Myers LLP signed a long-term commitment at this Midtown tower.<\/p>\n","protected":false},"author":3006,"featured_media":1004603007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[33601],"class_list":["post-1004603006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-paramount-group-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paramount Inks 142 KSF Manhattan Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"O\u2019Melveny &amp; Myers LLP signed a 15-year lease at 1301 Avenue of the Americas, a trophy office tower in Midtown Manhattan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount Inks 142 KSF Manhattan Lease\" \/>\n<meta property=\"og:description\" content=\"O\u2019Melveny &amp; Myers LLP signed a 15-year lease at 1301 Avenue of the Americas, a trophy office tower in Midtown Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-16T11:52:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-04T11:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/\",\"name\":\"Paramount Inks 142 KSF Manhattan Lease - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg\",\"datePublished\":\"2022-09-16T11:52:11+00:00\",\"dateModified\":\"2023-04-04T11:56:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/366883c93fc1efde412301ab6a4570f9\"},\"description\":\"O\u2019Melveny & Myers LLP signed a 15-year lease at 1301 Avenue of the Americas, a trophy office tower in Midtown Manhattan.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/paramount-signs-142-ksf-manhattan-lease\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/1301-Ave-of-Aemricas.jpg\",\"width\":800,\"height\":620,\"caption\":\"1031 Avenue of the Americas. 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