Search
 

TIAA-CREF Looking to Lease Out 375,000 SF

NEW YORK CITY-TIAA-CREF is making blocks of 8,000 to 45,000 square feet of built space at 730 Third Ave. available immediately.

By Cody Lyon | Updated on March 17, 2009

NEW YORK CITY-Teachers Insurance and Annuity Association, or TIAA-CREF, is putting around 375,000 square feet of its owner-occupied headquarters at 730 Third Ave. on the market today, sources tell GlobeSt.com.

The 90-year-old annuity financial services firm, founded by Andrew Carnegie, reportedly lost around $3.3 billion over the past year but still maintained around $17.8 billion in capital by year’s end. The company has earned triple A ratings as well.

Nonetheless, exclusive leasing agent CB Richard Ellis will immediately begin marketing built floor space that ranges in size from 8,000 to 45,000 square feet at the firm’s Midtown headquarters near Grand Central Terminal. Sources tell GlobeSt.com that building owners would also be willing to negotiate larger tracts of space for interested parties. Built in the 1950s, the building was refurbished and modernized in the 1990s.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.