The Real Deal New York

Swiss Re takes 68K sf at Paramount’s 1301 Sixth

Reinsurance company is downgrading from 93K sf at 55 East 52nd Street
January 04, 2017 10:05AM

1301 Sixth Avenue

Reinsurance company Swiss Re is relocating and downsizing its midtown office space by signing up for 67,688 square feet at Paramount Group’s 1301 Sixth Avenue.

The company is taking space on the 43rd through 45th floors of the 45-story, 1.7 million-square-foot building, the New York Post reported. The 45th floor, just 6,900 square feet, features 21-foot-tall ceilings, a terrace and views of Central Park. The asking rent was $100 per square foot, the Post claims.

At the moment, Swiss Re rents 93,344 square feet at Fisher Brothers’ TRData LogoTINY Park Avenue Plaza at 55 East 52nd Street. That building is also home to BlackRock, until it moves to 50 Hudson Yards in the coming years.

Swiss Re will be joining law firm Norton Rose Fulbright, which leased 107,000 square feet at 1301 Sixth Avenue in 2015.  Accounting firm CohnReznick also leased space at the building in 2015.

Paramount, a real estate investment trust headed by Albert Behler, owns 10.4 million square feet of real estate nationwide, including several trophy properties in Manhattan such as 1633 Broadway and 712 Fifth Avenue.

JLL’s Rob Martin represented Swiss Re, along with brokers from Colliers International. Frank Doyle, David Kleiner and Clark Finney, also of JLL, represented Paramount along with Peter Brindley in-house. [NYP]Miriam Hall