Flurry of leasing activity at 1166 Sixth Avenue

TRD New York /
Nov.November 17, 2009 10:03 AM

The 44-story office tower at 1166 Sixth Avenue has just seen a staggering 260,000 square feet worth of closed deals, especially given today’s commercial real estate environment. D.E. Shaw, the hedge fund, doubled its current space in the building by subleasing four floors vacated last year by insurance company Marsh & McLennan, which also owns the upper half of the building. Edward Minskoff is the owner of the tower’s lower half, where D.E. Shaw is located, and where the asking rent was reported to be $45 per square foot. Some have since wondered whether D.E. Shaw would soon move the rest of its employees out of the company’s 100,000 feet at Nearby 120 West 45th Street into Minskoff’s building. Westwood One Radio Networks also inked a lease for the 10th floor, and hedge fund manager Invesco signed a renewal and expansion on Marsh & McLennan’s floors 25 through 27, where the asking rents were said to be $58 per square foot. [Post, 1st item]


Related Articles

arrow_forward_ios
Edward Minskoff and 1166 Sixth Avenue (Getty, Google Maps)

Management consulting firm inks big lease at Minskoff’s 1166 Sixth

Management consulting firm inks big lease at Minskoff’s 1166 Sixth
From left: Brookfield's Ric Clark, 3333 Broadway and L+M's Ron Moelis (Credit: Brookfield, L+M, StreetEasy)

L+M, Invesco close on Putnam portfolio with $823M in Wells Fargo financing

L+M, Invesco close on Putnam portfolio with $823M in Wells Fargo financing
130 Prince Street

Madison Capital buys Soho building for $206M

Madison Capital buys Soho building for $206M
William Blair leaving 666 Fifth for Edward Minskoff tower on Sixth Ave

William Blair leaving 666 Fifth for Edward Minskoff tower on Sixth Ave

William Blair leaving 666 Fifth for Edward Minskoff tower on Sixth Ave
Invesco buying 80% stake in $760M AvalonBay portfolio

Invesco buying 80% stake in $760M AvalonBay portfolio

Invesco buying 80% stake in $760M AvalonBay portfolio
The Collectors: The industry moguls who have amassed the biggest art portfolios

The Collectors: The industry moguls who have amassed the biggest art portfolios

The Collectors: The industry moguls who have amassed the biggest art portfolios
Hello Alfred raises $40M in Series B

Hello Alfred raises $40M in Series B

Hello Alfred raises $40M in Series B
Invesco to purchase Live Nation building for $150M-plus

Invesco to purchase Live Nation building for $150M-plus

Invesco to purchase Live Nation building for $150M-plus
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...