State Street Bank inks 106K SF lease at Vornado’s 1290 Sixth Avenue

TRD New York /
Apr.April 09, 2013 10:00 AM

State Street Bank has inked a 105,951-square-foot deal at Vornado Realty Trust’s 1290 Sixth Avenue, also known as the AXA Financial Center, the New York Post reported.

The 10-year deal is a major shot in the arm for the sluggish Sixth Avenue corridor. State Street will take the entire sixth floor, which more than doubles the bank’s presence in the building, and will vacate 70,000 square feet at Brookfield Office Properties’ 2 World Financial Center, as well as it part of the 10th floor that it occupies under a sublease at 1290 Sixth Avenue

State Street was represented by Jones Lang LaSalle’s Peter Riguardi, Cynthia Wasserberger and Paul Mas. Vornado was represented by an in-house team of Glen Weiss and Thomas Costanzo. The brokers were either unavailable or unwilling to comment to the Post.

State Street will pay rents somewhere in the mid-$50s range, brokers familiar with the deal but not involved in it told the Post. Asking rents on some other floors are $65 per square foot, according to online databases seen by the Post. [NYP, 3rd item]Hiten Samtani

Related Articles

Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)

Free and clear: Vornado pays off debt at 220 CPS

Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)

“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call

Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)

Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue

220 Central Park South and Michael Cantanucci (Credit: Getty Images and Google Maps)

Car dealer drops $38M for condo at 220 CPS

Facebook CEO Mark Zuckerberg and a rendering of the Farley Post Office building redevelopment (Credit: Getty Images, SOM)

Facebook in talks for massive lease at Vornado’s Farley Building

Vornado president Michael Franco and 512 West 22nd Street (Credit: VNO)

WarnerMedia to anchor Vornado’s West Chelsea spec office

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

The Daily Dirt: Real estate and interest rate cuts