Cushman to Relocate Headquarters to 1290 Avenue of the Americas
- May 23, 2008
Cushman & Wakefield plans to relocate its headquarters to 1290 Avenue of the Americas, a class A office tower located in New York City, the company said today. The company currently occupies approximately 155,000 square feet on nine floors at 51 West 52nd StreeIn a 15-year deal, Cushman signed a lease for 156,282 square feet at 1290 Avenue of the Americas, located between 51st and 52nd Streets. The firm will occupy the entire seventh floor, along with portions of the eighth and ninth floors. The company’s vice chairman Franklin Speyer and senior director Amy Fox led the firm’s site search and lease negotiations with the property’s landlord, Vornado Realty Trust. Vornado was represented in-house.“We look forward to our move to 1290 Avenue of the Americas, and to the creation of a more efficient and collaborative workplace,” Bruce Mosler, president and CEO of Cushman & Wakefield said in a release. “The building’s large floor plates will allow for an open environment, fostering communication among our employees and various service lines.” Totaling approximately 2 million square feet, 1290 Avenue of the Americas’ 43 floors include 1.8 million square feet of office space, with major tenants, in addition to Cushman & Wakefield, including AXA Equitable Life Insurance Company, Microsoft, Morrison & Foerster and Bryan Cave.