The Real Deal New York

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

Leerink Partners is moving from 299 Park Avenue
July 19, 2017 10:45AM

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