GTIS Partners is ditching its Rockefeller Plaza digs for 787 Seventh Avenue.
Tom Shapiro’s real estate investment firm signed a 28,677-square-foot lease for the 50th floor of CalPERS’ office tower.
The space includes soaring arched windows and ceilings as high as 40 feet. CBRE represented both sides in the deal. Asking rents were over $100 per square foot, but GTIS landed a big concession package, the New York Post reported.
CalPERS bought the 51-story, 1.7 million-square-foot tower for $1.9 billion from AXA Financial last year.