C&W To Relocate, Sign 156,282-SF Lease

NEW YORK CITY-Cushman & Wakefield will relocate its World Headquarters to 1290 Avenue of the Americas. The firms signed a 15-year lease for 156, 282 sf at the class-A office, located on the eastern block front between 51st and 52nd streets.

C&W currently occupies approximately 155,000 sf on nine floors at 51 W. 52nd St. The firm will occupy the entire seventh floor, along with portions of the eighth and ninth floors in the fourth quarter of 2009, C&W tells GlobeSt.com. C&W sources could not give out aggregate lease values, taking rents, or asking rents of 1290 Avenue of the Americas at this time.

According to CB Richard Ellis’ research, asking rent for the building is $95.79 per sf and the submarket average asking rent is $102.42.