A Wealth Management Firm Is Ditching Its Fifth Avenue digs for the Durst Organization’s 1155 Sixth Avenue.
Robert W. Baird, a financial services firm, has inked a lease for 16,000 square feet on the 16th floor of the Durst’s Midtown office building, the New York Post reported. Asking rent was $85 per square foot.
The developer is in the process of pumping $110 million into renovating the 790,000-square-foot tower. Improvements include a new lobby at West 44th Street, a rooftop pavilion and windows that are more energy-efficient. In 2014, one of the building’s largest tenants, the law firm White & Case, announced that it would be leaving its 390,000-square foot space for 1221 Sixth Avenue in 2017.
In 2015, Keller Williams announced that it would take 30,000 square feet in the tower. TD Ameritrade, which has a retail space at a nearby building owned by the Dursts, 1133 Sixth Avenue, plans to move to the north corner retail space at 1155 Sixth Avenue. The bank will start leasing 5,227 square feet there in 2018. [NYP] — Kathryn Brenzel
(To view more Midtown office leases, click here)