Investment bank gobbles up 41K sf at
Paramount’s 1301 Sixth Ave.

Leerink Partners is moving from 299 Park Avenue

New York /
Jul.July 19, 2017 10:45 AM

An investment bank just inked a lease for the entire 12th floor of the Paramount Group’s 1301 Sixth Avenue.

Leerink Partners plans to take 40,811 square feet at the 45-story office tower, the New York Post reported. Details on the deal weren’t immediately available, but asking rent in the building ranges from the mid-$70s to $90s per square foot.

A team from Savills Studley represented Leerink while a JLL team repped Paramount on the deal.

Leerink will leave behind a 26,000-square-foot office on the 21st floor of 299 Park Avenue. The company wanted to have a full-floor office but needed more space.

On its website, Paramount lists the entire 38th, 41st and 42nd floors as available. Part of the 35th floor — just over 15,000 square feet — is also up for grabs. In January, reinsurance company Swiss Re inked a lease for the 43rd through 45th floors of the 1.7 million-square-foot building. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Pershing Square Capital Management CEO Bill Ackman and 787 11th Avenue (Getty, Rafael Viñoly Architects)
Ackman wants $630M for Hell’s Kitchen office building
Ackman wants $630M for Hell’s Kitchen office building
Deconstruct Podcast
This week on ‘Deconstruct’: The death of the cubicle
This week on ‘Deconstruct’: The death of the cubicle
Silverstein Chairman Larry Silverstein, CalSTRS CEO Cassandra Lichnock and 1177 Sixth Aveneut (Silverstien, Getty, CalSTRS)
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Terreno Realty CEO W. Blake Baird and an aerial of the property (Google Maps)
Terreno Realty pays $44M for NJ industrial site
Terreno Realty pays $44M for NJ industrial site
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
arrow_forward_ios

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

Loading...