NEW YORK CITY—Two sizeable leases have been signed by financial firms for space on Avenue of the Americas.
Nordea Bank is shifting into 1211 Sixth Ave.—where it will take 42,000 square feet—from Madison Ave, reports Crain's New York Business. The Scandanavia-based bank is taking the 1.9 million-square-foot tower's entire 23rd floor. The building is owned by a partnership between Beacon Capital Partners and Ivanhoe Cambridge.
Meanwhile, another financial firm, RBC Capital Markets, is expanding its space in the 44-story tower. The company, which is an investment-banking arm of the Royal Bank of Canada, is growing into approximately 63,000 square feet—about 15,000 more than it had. It is also extending its lease at the property.
RBC Capital Markets occupies the building's full 33rd floor and will now have about 19,000 square feet on part of the 29th floor too. Previously, it had about 4,000 square feet on that floor.
A leasing team from Cushman & Wakefield, led by Josh Kuriloff and Mitch Arkin, handles deals at 1211 Sixth Ave. for the building's owners. A C&W spokesman did not respond to a request for comment by press time.
The leases could be especially good news for the building as it could lose one of its anchor tenants, 21st Century Fox, in the coming years.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
