1271 Avenue of the Americas
NEW YORK CITY—Bessemer Trust has signed a long-term, 239,000 square-foot lease taking the top seven floors at the Rockefeller Group skyscraper at 1271 Avenue of the Americas. The private, independent trust manages more than $140 billion for more than 2,500 families, foundations and endowments. Terms of the lease were not disclosed but sources with knowledge of the deal tell GlobeSt.com that the asking rent was north of $100 per square foot.
Bessemer Trust, which was founded in 1907, will relocate from 630 Fifth Ave. in 2021. Tishman Speyer in a joint venture with Lester Crown owns the Fifth Avenue building, according to Real Capital Analytics.
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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.
