Consolidating its office space, Alterra inks 27,000 SF lease on Sixth Avenue

TRD New York /
Jan.January 18, 2013 02:30 PM

Alterra USA Holdings has inked a 27,342-square-foot lease in SL Green Realty-owned 1185 Avenue of the Americas, in a move to consolidate their New York offices into a single Midtown space, the New York Observer reported.

The insurance firm, which in December 2012 was acquired by Markel Corporation for $3.13 billion, will join high-profile building tenants including News Corporation, King Spalding and the National Hockey League. Alterra previously had two separate office locations, including a 4,635 square-foot space in another SL Green-owned building, 1350 Avenue of the Americas.

Scott Cahaly, a senior vice president at Jones Lang LaSalle, represented the buyer. “Alterra USA sought to combine operations previously at two separate locations in Manhattan,” Cahaly said. “The space at 1185 Avenue of the Americas was ideal for the insurance firm, as it provided Alterra with a single, centrally located office in a building boasting a prestigious tenant roster.”

SL Green was represented by in-house brokers Gary Rosen and Howard Tenenbaum. The city’s largest commercial landlord had recently been eyeing the purchase of a retail site at 529 Broadway, which eventually sold for a record $150 million to a partnership of Jeff Sutton, Joe Sitt, Bobby Cayre and the Adjmi family, as The Real Deal previously reported. [NYO]Hiten Samtani


Related Articles

arrow_forward_ios
(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

Jay Kriegel (Credit: Kent Presents)

Jay Kriegel, Related senior adviser and ex-mayoral chief of staff, dies

Halstead Holiday Party 2019

Inside Halstead’s festive re-creation of Studio 54

Catsimatidis scores approval for $300M tower in Florida

Catsimatidis scores approval for $300M tower in Florida

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

The Tel Aviv Stock Exchange (Credit: Getty Images)

All Year’s Israeli bonds tumble on $41M loss

arrow_forward_ios