Mitsui Fudosan America, the U.S. operations of Japan’s largest real estate company, has signed two leases at its flagship property at 1251 Avenue of the Americas in New York, NY. Berenberg Capital Markets LLC and McGuireWoods LLP are the newest tenants at the Sixth Avenue tower, which is formerly known as the Exxon Building.
“We are pleased to welcome Berenberg Capital Markets and McGuireWoods to 1251 Avenue of the Americas,” said Christopher N. Perez, SVP of MFA. “Both tenants exemplify the kind of leading companies that have enjoyed great success at 1251. We look forward to serving as their New York headquarters for many years to come.”
Berenberg Capital Markets LLC, a subsidiary of the second oldest bank in the world, the German bank Berenberg, which was founded in 1590, signed a 12-year lease on March 15th, 2017. Berenberg will occupy the entire 53rd floor, approximately 31,700 rentable square feet. Mitchell Konsker, Alexander M. Chudnoff, and Benjamin Bass of Jones Lang LaSalle represented Berenberg.
"We are proud to call 1251 Avenue of the Americas our new home, from where we want to grow our business in the United States,” said David Mortlock, Global Head of Equities at Berenberg.
McGuireWoods LLP, a leading global law firm, will occupy the entire 20th floor, which is 41,900 rentable square feet and part of the concourse level totaling 1,659 rsf. The 15-year lease commenced on March 2nd, 2017. Chris Mongeluzo and Brian Cohen of Newmark Grubb Knight Frank represented McGuireWoods.
"McGuireWoods continues to successfully grow its New York City Office. At 1251 Avenue of the Americas, we look forward to creating an office space that will be indicative of the firm’s increasing New York profile and presence,” said Noreen Kelly, Managing Partner for McGuireWoods’ New York office.
David Falk, Peter Shimkin, Eric Cagner, Romel Canete, and Nick Berger of Newmark Grubb Knight Frank represented MFA on both leases.
1251 Avenue of the Americas is a premier property with a highly desirable midtown Avenue of the Americas location for a wide range of U.S. and international law firms, financial institutions and other leading companies. The 54-story, 2.4 million square-foot building is currently 98% leased.
In addition to its commercial office and residential development and acquisition activities in New York, MFA is also actively developing office and residential projects in Washington D.C., San Francisco, Los Angeles and Seattle.
About Mitsui Fudosan America, Inc.
Mitsui Fudosan America, Inc. (MFA) is a real estate investment and development company headquartered in New York City and is the U.S. subsidiary of Mitsui Fudosan Co., Ltd. – Japan’s largest publicly traded real estate company. MFA’s history in the United States dates back to the early 1970’s. Since its inception, MFA has acquired, owned or developed numerous office, multifamily and hospitality properties in major markets throughout the U.S. including: 1251 Avenue of the Americas, 55 Hudson Yards, 160 Madison, 527 Madison, and 525 West 52nd in Manhattan; Waterfront Corporate Center III in Hoboken, NJ; The Homer Building and 1200 17th in Washington D.C; 270 Brannan, 650 Indiana and 22 Texas in San Francisco; 2nd & Pike in Seattle; and the renowned Halekulani Hotel in Waikiki, Hawaii.