"After looking at a number of locations throughout the greater New York metropolitan area, we concluded that keeping our headquarters in Manhattan made the most sense," says Ichiro Ando, CFO of MIC in a prepared statement. "New York City remains the most vital and exciting business, financial and cultural center in the US and has taken on new energy and life after Sept. 11; we want to be a part of that.
"With our new location our employees can benefit from closer proximity to Grand Central Station and Penn Station and at the same time they will have the advantage of an efficient and contiguous floor plan that encourages internal communication," Ando adds.
Tom Bow, senior vice president of leasing, and Eric Engelhardt, assistant vice president of leasing, represented the Durst Organization. Donal O'Brien and Tatsuru Kono of Cushman & Wakefield represented MIC.
"(The deal) demonstrates, once again, that Third Avenue is becoming an increasingly popular alternative to Madison and Park Avenues for multinational corporations," Bow adds.
The building at 655 Third Ave. is known as the TAMS building after TAMS Consultants, an engineering firm that had been the largest single tenant since 1984 before relocating to One World Financial Center in April.
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