Financial firms sign on for new Manhattan office space

Major financial firms are taking new office spaces in Manhattan, according to the New York Post.

Mizuho Americas completed a lease for 148,000 square feet at Rockefeller Group’s 1271 Sixth Ave., the former Time-Life Building, while Silver Lake, a private equity firm, has completed a lease for 56,000 square feet at Related Cos.’ 55 Hudson Yards.

Mizuho Americas, a subsidiary of Mizuho Financial Group, plans to consolidate its staff from several Manhattan locations including its trading operations at 320 Park Ave. Rockefeller Group is spending $600 million to redesign 1271 Sixth. The tower’s makeover is expected to be completed by summer 2019. Asking rent for the Mizuho space was in the low $80s.

article continues below advertisement

Silver Lake is relocating to Hudson Yards from Sheldon Solow’s 9 W. 57th St. The firm will be joining Steve Cohen’s Point72 Asset Management, law firms Milbank and Boies Schiller Flexner and other firms that recently signed up to take space at the upcoming 1.3 million-square-foot, 51-story tower.

Separately, financial services firm Robert W. Baird is ditching 610 Fifth Ave. for space at 1155 Sixth Ave.

More real estate news

Macklowe set to score $850M JPMorgan loan for 1 Wall St. (The Real Deal)

‘Boutique’ law firm subleases office space from Simpson Thacher (New York Post)

Nonprofit files suit to stop L+M from buying East Harlem building (The Real Deal)

New hotline allows NYC tenants to report illegal Airbnb rentals (Daily News)

Go to Source