TransUnion, one of the largest consumer credit reporting agencies, is relocating its New York office to a finished space in Manhattan.
The Chicago-based firm signed a lease for the entire 30,140-square-foot sixth floor at 1155 Avenue of the Americas between 44th and 45th streets, landlord The Durst Organization said Tuesday in a statement. The space is part of Durst’s turnkey office portfolio that features fully furnished and wired offices designed for immediate occupancy, the landlord said.
“Within the property, our DurstReady suites address a clear market demand for move-in ready space that enables companies to focus on their business rather than buildouts," said Jody Durst, president of The Durst Organization, one of New York’s largest privately held real estate investment firms.
A Durst spokesperson didn’t immediately respond to a CoStar News request seeking terms of the transaction and other details.
TransUnion’s Manhattan office is currently based at 100 Park Ave., according to its website. The firm has over 13,000 employees operating in more than 30 countries, Durst said, adding that TransUnion has expanded beyond its traditional credit reporting business to other areas including marketing, fraud, risk and advanced analytics.
Durst has completed a $130 million overhaul of 1155 Avenue of the Americas, a 42-story office tower in midtown, to include a landscaped entry plaza; a light-filled lobby; and chamfered corners featuring 9-foot-tall windows on all four corners of the tower floors, the landlord said. The building has a 7.7% vacancy rate, about half of the New York average of 13.3%, according to CoStar data.
For the record
The Durst Organization was represented in house by Tom Bow, Rocco Romeo and Nora Caliban. TransUnion was represented by David Wilson, Jonathan Zeitler, Mike McKenna and Barry Spagna of Cresa in addition to TransUnion Director of Real Estate Harriet Gleason.