New York City—Midtown Manhattan is not passively sitting back as Hudson Yards lures tenants to move to the far West side. Rockefeller Group announced on Tuesday that Mizuho Americas expanded its plans for occupancy at the redeveloped 1271 Avenue of the Americas in Rockefeller Center, leasing an additional 270,000 square feet.
The lease follows the June announcement of Mizuho's 141,000 square-foot lease in the building. It nearly triples the size of the financial institution's future US headquarters, increasing its occupancy at 1271 Avenue of the Americas to 411,000 square feet. Mizuho will move into the space in 2019, relocating employees from multiple locations to the 2.1 million square-foot, 48-story tower.
“We are reaching capacity at our existing leases and look forward to consolidating our many offices throughout the city in one, world-class location that affords us the ability to continue implementing our expansion plans,” says John Buchanan, head of strategy, Mizuho Americas.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
