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

TRD 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

(Image by Wolfgang & Hite via Dezeen)

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

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M