Fisher Brothers land second 100K+ sf lease in months

Fisher Brothers gave hope to office owners when it nabbed the largest lease of the year with just days to go in 2023. Just a few weeks later, it has scored another large lease at the same building: 1345 Sixth Avenue.

Intercontinental Exchange signed a lease for 143,000 square feet at the Midtown Manhattan property, Commercial Observer reported. The landlord announced the sizable lease last month, but didn’t disclose the tenant at the time.

Atlanta-based Intercontinental — which operates a number of exchanges, including the New York Stock Exchange — will occupy floors five through eight of the 50-story office tower. The asking rent on the 15-year lease was in the low $80s per square foot.

Last year, Intercontinental Exchange acquired Black Knight in a deal that drew some pushback from the Federal Trade Commission.

In addition to its headquarters in Atlanta, the firm has offices at 11 Wall Street and 55 East 52nd Street in Manhattan, the latter of which is also owned by Fisher Brothers. It’s unclear if Intercontinental Exchange plans to hang on to either of those office spaces.

CBRE brokered the lease.

Towards the tail end of last year, law firm Paul, Weiss, Rifkind, Wharton & Garrison signed a 20-year lease for 765,000 square feet at 1345 Sixth Avenue, believed to be the largest office lease in the country for the year. The landlord is reaping benefits from a $120 million capital project, updating the exterior and adding an amenity floor and a public art installation. 

Law firm Greenspoon Marder also recently signed a lease in the building for 41,000 square feet.

Last month, office leasing in Manhattan plummeted by 40 percent compared to December, according to a monthly report from Colliers. For the second straight month, availability in the borough hung at an all-time high of 17.9 percent.

— Holden Walter-Warner

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