RXR Inks 14K-SF Lease With Austrian Bank At 75 Rockefeller Plaza

By Guelda Voien, Commercial Observer

Erste Group Bank AG, a Vienna-based financial services provider, has leased the entire 12th floor at 75 Rockefeller Plaza, Commercial Observer has learned. RXR, which bought a 99-year triple-net leasehold on the asset for an undisclosed sum in 2013, moved its own offices into the 33-story tower earlier this year.

The de facto landlord confirmed the deal to CO and called the lease “long-term,” but declined to comment on the exact term or the taking rent.

Bill Elder, executive vice president at RXR, called Erste, “definitely the perfect tenant.”

The bank, which leased 14,000 square feet in the Midtown tower between Fifth Avenue and Avenue of the Americas, moves from Vornado Realty Trust‘s 280 Park Avenue, where its lease had expired, Elder said.

Ira Schuman and Stephan Steiner of Savills Studley represented the tenant, and a Cushman & Wakefield team of Tara Stacom, Bruce Mosler, Ethan Silverstein, Justin Royce and Peter Trivelas represented the landlord, Elder said.

Bank of America Merrill Lynch is the anchor tenant in the building.

Published: August 9, 2017
Filed Under: Leasing

The RXR platform manages 69 commercial real estate properties and investments with an aggregate gross asset value of approximately $18.1 billion, comprising approximately 24.6 million square feet of commercial properties, inclusive of a multi-family residential portfolio of approximately 2,600 units under operation or development, and control of development rights for an additional approximately 3,600 multi-family and for sale units in the New York Metropolitan area. 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.