Media and investment firms grab space in this prime Manhattan location
September 23, 2016 – (New York) – RXR Realty, a leading real estate operating and investment company in the New York Tri-State area, announced today the completion of leases with four new tenants at its property at 1330 Avenue of the Americas. The new tenants in the 534,000-square-foot, Class-A tower include two from the world of media and entertainment and two investment firms.
Signing leases were:
RXR was represented in the transactions by the Cushman & Wakefield team of Tara Stacom, Bruce Mosler, Mike Nahmias, Peter Trivelas, Michael Biraldi and Heather Thomas. Lauren Ferrentino and Alexandra Budd of RXR represented ownership interest in addition to the Cushman team.
“We are pleased to welcome our new tenants and expect to have more leases to announce in the coming weeks,” said William Elder, Executive Vice President and Managing Director of RXR’s New York City division. “We have seen a lot of interest and activity at 1330 Avenue of the Americas, as potential tenants realize it is one of the most prominent and best-located high-end, boutique office buildings in New York City.”
About RXR Realty LLC
RXR Realty LLC (“RXR”) is a vertically integrated private real estate operating company with expertise in investment management, property management, development, design, construction, leasing and financing. RXR’s core growth strategy is focused on New York City and the surrounding tri-state area markets. The Company is one of the largest owners, managers, and developers in the New York Tri-State area. RXR’s operating platform manages 89 commercial real estate properties and investments comprising 25.2 million square feet, with an aggregate gross asset value of $14.7 billion, as of June 30, 2016. In addition, RXR has a residential development pipeline of approximately 3,000 residential units in the New York metropolitan area.
Media Contact for RXR Realty:
Diana Kashan – DKC Public Relations
212 981 5161
The RXR platform manages 71 commercial real estate properties and investments with an aggregate gross asset value of approximately $20.5 billion, comprising approximately 31.4 million square feet of commercial properties, inclusive of approximately 6.0 million square feet of buildings securing debt and preferred equity investments, a multi-family residential portfolio of approximately 2,500 units under operation or development, and control of development rights for an additional approximately 3,700 multi-family and for sale units in the New York Metropolitan area as of June 30, 2019. Gross asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners, as well as leverage.