1114 Sixth Avenue | TRD Research
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1114 Sixth Avenue

1114 Sixth Avenue
New York, NY 10036
Office, Leasing/Rental

The 49-story, 1,591,000-square-foot office tower at 1114 Avenue of the Americas is known colloquially as the Grace Building, after the chemicals conglomerate W.R. Grace, which commissioned its construction in the early 1970s. (W.R. Grace no longer has offices there.) It is considered one of the premier Class A commercial towers in Manhattan.

The property is owned and operated by a joint venture of the Swig Company, which developed it, and Brookfield, the Canadian giant that also controls, through its various subsidiaries, several other Manhattan properties, including the five-building Brookfield Place and the under-development Manhattan West project.

Some 42,000 square feet of the tower is given over to retail, while the rest is office and support-services space, including 65,000 square feet for parking. The typical Grace Building floorplate is 31,000 square feet.

The Grace Buildings tenants include law firm Cooley LLP, executive-search firm Heidrick & Struggles, and Sybase, a subsidiary of software giant SAP. Office rents in the building can start in the $90s per square foot and the tower is likely one of a handful in Midtown that command in the $100s a foot. Retail tenants include Bluestone Lane Coffee and STK steakhouse.

Duncan McCuaig handles office leasing at the building; and Edward Hogan, also of Brookfield, handles retail deals. Skidmore, Owings & Merrill designed the Grace Building and it was built in 1971, and has been renovated at various points, including a $34 million upgrade of the lobbies and elevators that was finished in 2014.

-TA

  • Address 1114 Sixth Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner Brookfield Property Partners
  • owner entity 1114 6TH AVENUE OWNER
  • floors 47
  • Year Built 1971
  • residential units 1,174
  • total units 1,174
  • square feet 1,517,497
  • const. status Building Complete
  • block and lot 1-01258-0009
  • BIN 1034196
  • Event Office Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 95,580
notes
The digital marketing firm signed a lease for the Grand Central building.
  • Event Office Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 65,000
notes
The spirit maker inked a 10-year lease at the Grace Building in Midtown.
  • Event Office Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 33,000
notes
The company that designs and manufactures ergonomic office products inked a 10-year lease in Midtown at the Grace Building.
  • Event Retail Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 4,613
notes
The fast casual salad and grain bowl chain, has secured a new lease.
  • Event Retail Leasing
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,334
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Brookfield Properties Management
  • Party 1 Brokerage Brookfield Property Partners
  • Party 1 Broker Mark Kostic, Michael Goldban
  • Party 2 Sweetgreen
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Jacqueline Klinger, David Firestein, Taryn Brandes
notes
The salad chain signed a lease.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 31,285
notes
The enterprise software and services company signed a one-year, three-month lease renewal for the entire 32nd floor.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 31,285
notes
The hedge fund signed a lease renewal.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,319
notes
The financial firm signed a lease.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 45,000
notes
The law firm signed a lease for the entire 21st floor and part of the 22nd floor.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 34,000
  • Publication Date 05/01/2011
  • Event Date 03/22/2011
  • Party 1 Brookfield Office Properties
  • Party 1 Brokerage In-house
  • Party 2 Torys
  • Party 2 Brokerage CBRE, Colliers International
  • Party 2 Broker Edward Lederman, Harry Seherr-Thoss
notes
The Canadian law firm signed a 16-year lease for the entire 23rd floor.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 31,000
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 Brookfield Office Properties
  • Party 1 Brokerage In-house
  • Party 2 Steptoe & Johnson
  • Party 2 Brokerage Savills Studley
  • Party 2 Broker Daniel Horowitz, Jeffrey Peck
notes
The law firm signed a lease for the entire 35th floor. The tenant is relocating from 750 Seventh Avenue.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 31,000
notes
The private equity firm signed a 10-year lease on the 37th floor.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 32,007
notes
The financial services firm signed a new lease.
  • Event Retail Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 12,659
notes
The steakhouse signed a 20-year lease for 12,121 square feet of multilevel restaurant space and a 538-square-foot takeout kiosk. The reported asking rent was $100 per square foot for the restaurant space and $400 per square foot for the kiosk.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 29,723
notes
The investment firm signed a lease.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 30,450
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 2 iStar Financial
  • Party 2 Brokerage PBS Realty Advisors
notes
The financial services firm signed a new lease.
  • Event Retail Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 500
  • Publication Date 12/01/2005
  • Event Date 10/22/2005
  • Party 1 Trizec Properties
  • Party 1 Brokerage Pittel & Company
  • Party 1 Broker A. Pittel, R. Pash
  • Party 2 Crumbs Bake Shop
  • Party 2 Brokerage Pittel & Company
  • Party 2 Broker A. Pittel, R. Pash
notes
The shop, which specializes in cupcakes, is scheduled to open in time for the holiday season.
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 38,531
notes
Law firm signs 15-year lease for entire 39th and part of 38th floors
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 6,702
  • Publication Date 06/01/2005
  • Event Date 04/22/2005
  • Party 1 Trizec Properties
  • Party 1 Brokerage Trizec Properties
  • Party 1 Broker David Kaufman
  • Party 2 Ericsson
  • Party 2 Brokerage Staubach Company
  • Party 2 Broker Jim Wenk
notes
Telecommunications supplier leases portion of 34th floor
  • Event Office Leasing
  • Building Name Grace Building
  • Address 1114 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 30,000
  • Publication Date 05/01/2004
  • Event Date 03/22/2004
  • Party 1 Trizec Properties
  • Party 1 Brokerage In-house
  • Party 2 Sybase
  • Party 2 Brokerage JLL
  • Party 2 Broker Lisa Keill
notes
Software co. renews lease for sales office

08/03/2017
Clockwise from left: 1 World Trade Center, 55 Hudson Yards and 1 Manhattan West Manhattan office leasing is picking up steam this summer. Activity was Clockwise from left: 1 World Trade Center, 55 Hudson Yards and 1 Manhattan West Manhattan office leasing is picking up steam this summer. Activity was...

09/01/2012
The lease includes a year of free rent and $75 per square foot of tenant improvements that are together worth about $15 million, according to CompStak. The international law firm moved from 1114 Sixth Avenue, the Grace Building, on the opposite side of Bryant Park, to its new location...

09/01/2010
There were also several smaller tenants on the market, sources said, including two law firms. One firm, Cooley Godward Kronish, now at 1114 Sixth Avenue, is being represented in its search by Newmark Knight Frank for 100,000 square feet...