This third location, which consists of the entire 27th and 28th floors, represents part of a national expansion for the company, which currently has 12 locations across the US including ones in Hackensack, NJ, Denver, Los Angeles, Brentwood, CA, Burbank, CA and Century City, CA. Built in 1989, the 750,000-sf 1325 Ave. of the Americas, owned by the Paramount Group, is home to tenants such as Warner Bros., ING Financial, Hilton Hotels Corp., ACE Financial Services and the William Morris Agency.

CB Richard Ellis' Roger Griswold, a senior vice president in the firm's Midtown office, represented Regent. CBRE's Robert Alexander, David Maurer-Hollaender, Douglas Lehman, Alan Wildes and David Berkey acted on behalf of Deutsche Bank. Financial details of the transaction were not revealed.

Griswold notes that the deal enabled Regent to further expand its Midtown presence at "very advantageous economic terms. With the success they've had in this midtown sub-market and fully aware that the market was tightening, Regent was eager to secure an additional facility to accommodate their growing business."