Equitable Life Insurance inks 130K sf lease for new office

Financial firm will move from Trump & Vornado’s Midtown building

New York /
Mar.March 01, 2021 12:35 PM
Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps)

Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps)

Equitable Life Insurance is moving its New York office by three blocks.

The financial company will take 130,000 square feet at Fisher Brothers’ 1345 Avenue of the Americas, Commercial Observer reported. It will vacate its current location at 1290 Sixth Avenue, a 43-story office tower owned by Vornado Realty Trust and the Trump Organization, Commercial Observer reported.

Equitable will move into its new office in 2023. The exact length of the new lease was not disclosed, although it was “long-term,” the outlet reported.

Equitable’s move could affect the valuation of the 1290 Avenue of the Americas, which Vornado reportedly sought to sell or refinance, along with 555 California Street in San Francisco, which it also owns jointly with Trump.

At Fisher Brothers’ tower, Equitable will join a host of other major tenants, such as Global Infrastructure Partners, Fortress Investment Group, law firm Linklaters and General Motors.

[CO] — Akiko Matsuda





    Related Articles

    arrow_forward_ios
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Make Greenland Great Again? Trump wants to buy Arctic territory
    Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
    Free and clear: Vornado pays off debt at 220 CPS
    Free and clear: Vornado pays off debt at 220 CPS
    Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
    “Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
    “Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
    Allen Weisselberg, Donald Trump (Getty)
    Trump Org convicted of criminal tax fraud
    Trump Org convicted of criminal tax fraud
    Who’s crazy enough to build office?
    Who’s crazy enough to build office?
    Who’s crazy enough to build office?
    Clockwise from left: Stefan Soloviev, Steve Cohen, Marc Holliday, Stephen Ross, Steven Roth, and Joseph Sitt (Illustration by Kevin Rebong for The Real Deal)
    Going for the jackpot: A look at the high rollers competing to build NYC casinos
    Going for the jackpot: A look at the high rollers competing to build NYC casinos
    Madison Realty Capital’s Josh Zegen (Madison Realty Capital)
    Inside Madison Realty Capital’s distressed investing playbook
    Inside Madison Realty Capital’s distressed investing playbook
    Quara Holding CEO Ziad El Chaar and Donald Trump  (Getty, LinkedIn)
    Trump Organization signs licensing deal with Saudi developer
    Trump Organization signs licensing deal with Saudi developer
    arrow_forward_ios

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

    Loading...