MUFG Union Bank, a subsidiary of the Japanese Tokyo-Mitsubishi Bank, signed one of the biggest new office leases of the year. The firm is taking 209,700 square feet on the bottom three floors of the Rockefeller Group’s McGraw-Hill Building in Midtown.
Omar Farooq and Fred Smith of Cushman & Wakefield represented the bank. Ed Guiltinan of the Rockefeller Group and John Cefaly of Cushman represented the landlord.
Asking rents on the 2.5 million-square-foot building’s lower floors are $78 per square foot, according to mrofficespace.com data cited by the New York Post. [NYP] — Mark Maurer