New York Real Estate Journal

The Durst Org. leases 16,600 s/f at 1155 Ave. of the Americas

September 27, 2022 - Brokerage

New York, NY According to The Durst Organization, Francisco Partners has signed a six-year lease for 11,000 s/f on the 28th floor of 1155 Ave. of the Americas. The global investment firm is moving their offices from the Grace Building on Ave. of the Americas.

Jenner & Block signed a 15-year lease for 5,600 s/f on the balance of the 28th floor. The law firm leased the four floors directly above last year; and this expansion brings their footprint at the property to over 72,000 s/f. 

1155 Ave. of the Americas is LEED v4 Gold certified under the EBOM rating system (Existing Buildings Operations Maintenance) and has undergone a $130 million capital transformation into a 21st Century Class “A” trophy property. 1155 Ave. of the Americas’s upgrades include a new lobby and plaza designed by STUDIOS Architecture, new elevator cabs with destination dispatch controls, new windows and floor-to-ceiling glass. 1155 Avenue of the Americas was completed in 1984 and designed by Emery Roth & Sons. 

“We are pleased to welcome both Francisco Partners and Jenner & Block to the 28th floor of 1155 Ave. of the Americas,” said Jonathan Durst, president of The Durst Organization. “We are witnessing a compelling trend in the leases at 1155 as it takes its place as a Bryant Park and Sixth Avenue trophy asset. Nearly all our new leases are coming from Avenue of the Americas submarket, opening their first Manhattan office or expanding their footprint within the property. And when Jenner first signed in 2021, they joined the growing law firm community at the property.”

Francisco Partners was represented by Newmark’s Eric Cagner, executive managing director and Alex Leopold Jenner & Block was represented by vice chairman Lewis Miller, executive vice president Jason Gorman and senior vice president Zachary Weil of CBRE. The Durst Organization was represented in-house by executive vice president Tom Bow and senior vice president Rocco Romeo.  Associate director Tanya Grimaldo also represented Durst on the Francisco Partners.