Minskoff signs fintech firm to 39K sf at 1166 Sixth Ave

1.6M sf tower is undergoing multimillion-dollar renovation

New York /
Nov.November 28, 2016 08:24 AM

Edward Minskoff signed the fintech firm Arcesium to 39,000 square feet at his 1166 Sixth Avenue.

 

The financial technology firm plans to take the entire fourth floor of the 1.6 million-square-foot building, which is currently undergoing a multimillion-dollar renovation, the Wall Street Journal reported.

Paul Glickman, Cynthia Wasserberger, Jonathan Fanuzzi and Diana Biasotti of JLL TRData LogoTINY represented Minskoff in the lease deal.

Timothy Dempsey, Roger Griswold and Munish Viralam at CBRE represented Arcesium.

Global investment firm D.E. Shaw Group in April renewed its lease for 195,000 square feet at the building. Asking rents run from the high $70s to mid $80s per square foot, depending on floor.

The 44-story building, north of Bryant Park between West 45th and 46th streets, is currently undergoing a lobby redesign that will feature artworks including Roy Lichtenstein’s “Modern Tapestry” and “Amerind Landscape.”

Minskoff is one of the real estate industry’s most avid art collectors. [WSJ] – Rich Bockmann


Related Articles

arrow_forward_ios
CBRE’s Darcy Stacom and Bill Shanahan; Cushman & Wakefield’s Doug Harmon and Adam Spies
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Brian Feil of the Feil Organization and 360-370 Fulton Street (Google Maps)
Feil Organization to buy Downtown Brooklyn development portfolio
Feil Organization to buy Downtown Brooklyn development portfolio
JLL CEO Christian Ulbrich. (Getty)
JLL explores sale of China property management wing
JLL explores sale of China property management wing
(Getty)
Manhattan retail market awaits recovery as vacancies rise in Q1
Manhattan retail market awaits recovery as vacancies rise in Q1
CBRE CEO Robert Sulentic and One World Trade Center (CBRE, iStock)
Port Authority taps CBRE to manage WTC
Port Authority taps CBRE to manage WTC
From left: JLL’s Tim Rivers, Levine Kellogg’s Jeffrey Schneider, Meland Budwick’s Mark Meland, Blanca Commercial Real Estate’s Tere Blanca, Savills’ Tom Capocefalo and Collier’s Jonathan Kingsley
The money’s moving to South Florida. Will the office leases follow?
The money’s moving to South Florida. Will the office leases follow?
1500 Broadway, Jollibee (iStock, Google Maps)
Jollibee to open flagship at 1500 Broadway
Jollibee to open flagship at 1500 Broadway
Newmark’s Barry Gosin (left) and CBRE’s Bob Sulentic
Weird flex but OK: How CRE giants hope to cash in on the future of the office
Weird flex but OK: How CRE giants hope to cash in on the future of the office
arrow_forward_ios

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

Loading...