Mayer Brown LLP has signed a 187,000-square-foot lease at the McGraw-Hill Building located at 1221 Avenue of the Americas in New York City. The global legal services firm with 200 lawyers in its New York office will relocate to the 11th through 14th floors in late 2014.
"We are thrilled with our impending move to 1221 Avenue of the Americas. Our new space in this premier building will be designed to serve the needs of our global clients for years to come," said Richard Spehr, partner-in-charge of Mayer Brown's New York office.
The iconic, 50-story, 2.55 million-square-foot, class A office tower was designed by Harrison Abramovitz & Harris in 1972, located on 2.4 acres in Manhattan's Times Square submarket between West 48th and 49th Streets, comprising the modern expansion of Rockefeller Center on the west side of Sixth Ave. The building features large floor plates, open-air plazas, on-site restaurant, fitness center, banking and conference facilities, and a concourse level connecting it to all of Rockefeller Center and seven subway lines. It is one of the largest buildings in Manhattan to receive LEED-EB certification by the USGBC.
The new lease is the second in as many months at the property, bringing the total of new leases signed there in 2013 to 282,648 square feet. The property, with asking rents between $75 and $92 per square foot, is now 84.3 percent leased to multiple tenants including Comcast/NBC Universal, Sirius XM, Morgan Stanley, and McGraw-Hill Companies.
Bob Flippin, Andrew Sussman, Anthony Dattoma and Lauren Crowley with CBRE represented the tenant. Edward J. Guiltinan, Sr. with The Rockefeller Group Development Corporation represented the landlord in-house along with the Cushman & Wakefield brokerage team of John Cefaly, Augustus Field, Robert Lowe, Michael Burgio, Clark Finney, David Berke and Jon Fales.
"We are pleased that Mayer Brown elected to relocate to 1221 Avenue of the Americas," said Guiltinan, vice president and head of leasing in New York for The Rockefeller Group. "We’re encouraged by the strong demand for the remaining available space in the building, as tenants in the market recognize the outstanding location, efficiency, amenities, prominence and overall desirability that 1221 offers."