Dentons Extends 210,000 SF Lease at 1221 Avenue of the Americas
NEW YORK, NY – August 9, 2016 – Dentons, the world’s largest law firm, has completed a 210,000-square-foot lease extension at 1221 Avenue of the Americas, the iconic Rockefeller Group skyscraper located on the west side of Sixth Avenue between 48th and 49th Streets. The Firm has occupied space in the midtown building since 1992 and extended its existing lease for floors 23 through 26, as well as a portion of the building’s concourse-level, through April of 2025.
Dentons was represented by a CBRE team including Lewis Miller, Andrew Sussman, Stuart Eisenkraft and Brendan Herlihy and by Dentons partner Kevin Groarke. 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.
“We are very pleased to continue our long-term relationship with Dentons,” said Mr. Guiltinan. “1221 Avenue of the Americas in Rockefeller Center has served as the Firm’s New York home for many years. Dentons evaluated many alternative locations in its space search and ultimately decided to continue its tenancy in 1221, which is a strong statement regarding the quality of the building and the desirability of its central location on Sixth Avenue.”
The lease is the third at 1221 Avenue of the Americas following the 2016 completion of a major capital improvement program designed by Moed de Armas & Shannon that delivered a completely new building experience for tenants and visitors. Highlights of the renovation include new entrances, side-street plazas with outdoor seating, a new street-level façade, interior stonework and lobby artwork. Occupancy in the 2.5-million-square-foot, 670-foot tall building stands at approximately 93 percent.
“We are very happy to be extending our lease at 1221 Avenue of the Americas and look forward to many meaningful and prosperous years here as we continue to grow our presence in New York,” said Robert McCarthy, managing partner of Dentons’ New York office. “Our internal task force had made visits to, and considered proposals for space in, numerous other buildings throughout Manhattan and our decision to remain in this terrific location reflects careful consideration of aesthetics, logistics, and the preferences of our colleagues.”
First developed by The Rockefeller Group in partnership with McGraw-Hill and opened in 1972, 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 expansive open-air plazas with public seating which surround the building on all sides. The 50-story property achieved Platinum-level Wired Certification from WiredNYC, an organization that ranks properties by their technology infrastructure, and 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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Dentons is the world’s first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world’s largest law firm, Dentons’ global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.
About The Rockefeller Group
The Rockefeller Group is a leading real estate developer, owner and investor, known since the development of Rockefeller Center for pioneering large-scale urban mixed-use development. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective acquisition, management and development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets. The company combines the global perspective and market access of a sophisticated development and investment management platform, through its partnership with Tokyo-based Mitsubishi Estate Co. Ltd., and its strategic investments in independent property fund platforms in the United States and Europe. Visit RockefellerGroup.com or www.1221aoa.com.
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