Insurance giant seeks temporary refuge with 112,000-square-foot Midtown sublease

New York /
Nov.November 15, 2012 06:00 PM

British insurance firm Aon has sublet 112,000 square feet in Midtown from Cerberus Capital Management, Crain’s reported.

Aon will take the 14th, 21st, 22nd and 23rd floors of 299 Park Avenue, between East 48th and East 49th streets, at a rate of approximately $50 per square foot, Crain’s said. The space will serve as the firm’s temporary headquarters after Hurricane Sandy flooded the block where its 199 Water Street offices are located.

Several other firms impacted by the storm have recently taken similar steps to temporarily expand their Midtown space. Law firm Fried Frank, which normally operates out of 1 New York Plaza, took 30,000 square feet in the Seagram’s Building; law firm Fragomen signed a 62,000-square-foot sublease at 1301 Sixth Avenue, a space formerly occupied by the bankrupt law firm Dewey & LeBoeuf; and Stroock & Stroock & Lavan downsized to a 60,000-square-foot space at 601 Lexington Avenue. [Crain’s]Hiten Samtani


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Miami-Dade Mayor Daniella Levine Cava (Getty, iStock)
Miami-Dade resumes pre-pandemic evictions after unannounced February break
Miami-Dade resumes pre-pandemic evictions after unannounced February break
Scott Stringer (Getty, New York City Comptroller, iStock)
Stringer’s housing plan doesn’t pencil out: developers
Stringer’s housing plan doesn’t pencil out: developers
State Sen. Brad Hoylman and State Assemblymember Harvey Epstein (Getty)
Lawmakers propose canceling restaurant rent, providing relief for landlords
Lawmakers propose canceling restaurant rent, providing relief for landlords
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
Five small landlords, represented by Randy Mastro, have sued New York attorney general Letitia James (Getty)
Lawsuit challenges New York eviction ban’s constitutionality
Lawsuit challenges New York eviction ban’s constitutionality
arrow_forward_ios

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

Loading...