Tokio Marine Leases 21,499 SF at 1221 Avenue of the Americas

NEW YORK, NY – August 8, 2016 – Rockefeller Group today announced that Tokio Marine North America has leased 21,449 square feet at 1221 Avenue of the Americas, the modern Rockefeller Center skyscraper located on the west side of Sixth Avenue between 48th and 49th Streets.  Tokio Marine, one of the world’s leading insurance companies, plans to relocate its North American headquarters to Sixth Avenue from Park Avenue in April 2017.

Tokio Marine leased a portion of the 15th floor of the building, bringing occupancy of the 2.5-million-square-foot tower to approximately 93 percent.  In addition to the remainder of the 15th floor, which totals approximately 25,000 square feet, there are three individual office floors available each totaling approximately 48,000 square feet.

Tokio Marine was represented by Cynthia Wasserberger, a managing director with JLL.  The Rockefeller Group was represented by an in-house team led by Ed Guiltinan, Senior Vice President and head of leasing in New York, and a Cushman & Wakefield agency team led by John Cefaly, Executive Vice Chairman.

The lease is the second at 1221 Avenue of the Americas following the recent completion of a major capital improvement program designed by Moed de Armas & Shannon. The work included a completely new 18,000-square-foot double-height lobby, new elevators, new entrances, a redesigned street-level facade and newly landscaped side-street plazas.

“Tokio Marine is a highly respected global company and we are very pleased to welcome them to the new 1221 Avenue of the Americas,” said Mr. Guiltinan. “This is a building that offers world-class amenities in a superior location.”

First developed by The Rockefeller Group in partnership with McGraw-Hill, 1221 Avenue of the Americas was designed by Harrison Abramovitz & Harris, the architects for all of Rockefeller Center. The building is distinguished by its large, efficient floor plates and its expansive open-air plazas with public seating that surround the building on all sides.  It achieved Platinum-level Wired Certification from WiredNYC, an organization that ranks properties by their technology infrastructure, and it is among the largest buildings in Manhattan to achieve LEED®-EB certification (LEED-Silver, 2014) by the U.S. Green Building Council.

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