Drinks on Brookfield! Spirits maker signs 65K sf lease at the Grace Building

Campari America relocating HQ from San Francisco

New York /
Feb.February 27, 2018 03:10 PM

The Grace Building (Credit: Brookfield Properties)

The maker of Wild Turkey, SKYY Vodka and other spirits is moving its U.S. headquarters to the Grace Building on Bryant Park.

Campari America, the stateside arm of Italy’s Campari Group, signed a 10-year lease for just under 65,000 square feet at the building owned by Brookfield Property Partners and the Swig Company, the Commercial Observer reported.

Campari will be relocating its U.S. headquarters from San Francisco, where it’s been based since 1992. The company’s lease covers the full 18th and 19th floors in the 48-story building, which is located at 1114 Sixth Avenue.

Executives for Campari said the relocation puts the office in closer proximity to operations in Milan, Kentucky, Jamaica, Mexico and Canada.

“This move will help to increase collaboration with key business partners and our Milan counterparts; allow us to more easily hire candidates with deep spirits experience; and give us the room to expand as we grow our portfolio of premium brands,” Jean Jacques Dubau, Campari Group’s managing director for its business unit in North America, said in a prepared statement.

Colliers International’s Joseph Cabrera, David Glassman, Tim Kuhn, Brendan Cavender and Steve Maneri represented Campari in the deal. CBRE’s Ken Rapp, Sarah Pontius, Peter Turchin, Zak Snider and Cara Chayet handle leasing at the Grace Building.

The asking rent in the deal was not immediately available, but Bank of America recently signed a 127,000-square-foot lease in the building with a starting rent in the $70s per square foot, according to the CO. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
270 W Montauk Hwy, Hampton Bays, NY (Loopnet)
Legendary Hampton Bays bar up for sale
Legendary Hampton Bays bar up for sale
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Aulder Capital CEO Jonah Bamberger and 162-164 East 82nd Street (Rosewood Realty Group, Slate Property Group)
Two Upper East Side apartment buildings head to foreclosure sale
Two Upper East Side apartment buildings head to foreclosure sale
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
arrow_forward_ios

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

Loading...