Bank of America in talks for big spread at Durst’s 1133 Sixth: sources

Deal for as much as 150K sf expected to close by year’s end

TRD New York /
Nov.November 06, 2014 10:30 AM

Bank of America is in late-stage negotiations to lease up to 150,000 square feet at the Durst Organization’s 45-story Midtown office tower at 1133 Sixth Avenue, The Real Deal has learned.

Under the deal, the North Carolina-based financial institution would take up more than half the space that’s currently occupied by the Internal Revenue Service. The 1.1 million-square-foot property is located between West 43rd and 44th streets.

Bank of America — which is facing a record $16.65 billion settlement over distressed mortgage-backed securities — already has at least 90,000 square feet over four upper floors in the tower. Now, the banking giant has become the frontrunner for the IRS’s space after talks between online retail giant Amazon and the landlord “broke down,” sources told TRD. The deal for the new space is expected to close by the end of this year.

CBRE is representing Bank of America, while Durst’s Thomas Bow and Rocco Romeo are representing the landlord in-house, sources said. Representatives for Durst declined to comment, while representatives for CBRE couldn’t be reached by press time.

The IRS signed for 240,000 square feet at the tower in 1992, and now occupies 285,872 square feet across nine floors – from the second floor to the 10th. That lease is set to expire soon.

Of those nine floors, the fourth and fifth levels boast the biggest floor plates, at 35,291 square feet apiece, according to the building’s marketing materials. As part of the $10 million renovation at the tower, the second floor offers access to 13,000 square feet of terrace space.

Amazon, which occupies roughly 92,500 square feet at SL Green’s 1350 Sixth Avenue, struck a deal last month to open its first brick-and-mortar store – at Vornado Realty Trust’s 7 West 34th Street, as previously reported.


Related Articles

arrow_forward_ios
(Getty)

Manhattan retail asking rents fall to nine-year low

Manhattan retail asking rents fall to nine-year low
Amazon CEO Jeff Bezos and the Matrix Global Logistics Park in Staten Island (Google Maps; Getty)

Amazon inks huge deal for 975K sf warehouse

Amazon inks huge deal for 975K sf warehouse
Matrix Global Logistics Park site on Staten Island (Matrix Companies, Google Maps, iStock)

Industrial leasing surges in NYC as other sectors flounder

Industrial leasing surges in NYC as other sectors flounder
Blackstone's Frank Cohen and Amazon CEO Jeff Bezos with the HQ2 site (Getty; Blackstone; Google Maps)

Amazon grows HQ2 site near DC with hotel buy

Amazon grows HQ2 site near DC with hotel buy
Douglas Durst (Getty)

Douglas Durst tapped to be next REBNY chair

Douglas Durst tapped to be next REBNY chair
Amazon CEO Jeff Bezos (Getty; Unsplash)

Amazon to open 1,000 warehouses in the suburbs

Amazon to open 1,000 warehouses in the suburbs
Amazon CEO Jeff Bezos (Getty)

Amazon to open 100 more distribution centers this month

Amazon to open 100 more distribution centers this month
Douglas Durst and a rendering of the project (Getty, DRWC)

Durst’s $2B Philly waterfront redevelopment project approved

Durst’s $2B Philly waterfront redevelopment project approved
arrow_forward_ios

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

Loading...