Keller Williams moving HQ to Durst’s 1155 Sixth Ave.

30,000 sf space allows brokerage to expand team by 20 percent

TRD New York /
Jul.July 13, 2015 03:00 PM

Residential brokerage Keller Williams NYC is moving its Manhattan headquarters to a 30,000-square-foot space at 1155 Sixth Avenue in Midtown.

The firm will sublease the space, on the sixth floor of the Durst Organization’s 41-story tower, 790,000-square-foot tower, from Dow Jones. The sublease is for almost five-and-a-half years, with asking rent for the space at $48 per square foot.

The deal will allow Keller Williams to expand its 500-broker team by around 20 percent, according to Crain’s. The brokerage announced last month that it will open a 15,000-square-foot office at 377 Broadway in Tribeca — a space capable of housing 200 brokers.

Jeffrey Rosenblatt of Coldwell Banker Commercial Alliance represented Keller Williams, while Chris Mansfield and Ken Rapp of CBRE repped Dow Jones. The Durst Organization was not directly involved in the deal.

Keller Williams’ previous headquarters, at 425 Park Avenue in Midtown, will be torn down to make way for L&L Holding Co.’s new high-end office tower. The brokerage placed seventh in The Real Deal‘s most recent annual ranking of Manhattan’s residential real estate firms. [Crain’s]Rey Mashayekhi

Related Article

Ilan Bracha of Keller Williams and 575 Fifth Avenue (Credit: Google Maps)

Keller Williams Midtown downsizing offices amid belt-tightening

Offerpad and Keller Williams team up amid iBuying craze

733 Third Avenue and Durst Organization president Jordy Durst (Credit: Google Maps and Durst Organization)

Tax firm EisnerAmper relocating large East Side office

One Bryant Park (Credit: The Durst Organization)

Bank of America leads $1.6B refi for tower named after it at One Bryant Park

American Dream in East Rutherford finds a sponsor, Frank Lloyd Wright-designed home lists in Glen Ridge & more North Jersey real estate news

4 World Trade Center and The Durst Organization president Jonathan Durst (Credit: Google Maps)

Durst inks 55K sf of leases at 4 Times Square

Next stop for Keller Williams? Morocco

Keller Williams’ deals dip as national home sales slow