AmTrust RE inks two leases totaling 61,000 s/f at 360 Lexington Ave.

Manhattan, NY AmTrust RE (AmTrust), made known the execution of two leases at 360 Lexington Ave., bringing the additional space leased to a combined 61,000 s/f. The new leases signed by Webster Bank and Signers National will bring occupancy at the building up 17% since the time of acquisition.

Webster Bank, a longtime tenant in the building, has signed a lease expansion and extension totaling 46,000 s/f. Webster Bank will be adding an additional 15,397 s/f to their total occupancy at 360 Lexington. The bank will now occupy three full floors of the building. Jeff Szczapa and Drew Saunders of JLL represented Webster Bank in the transaction, while Mitchell Konsker, Ben Bass, Barbara Winter and Thomas Swartz of JLL represented AmTrust RE.

“We appreciate AmTrust and our brokerage partner, JLL, in helping us expand our New York City presence,” said Michael O’Connor, head of corporate real estate, Webster Bank.

AmTrust RE is also welcoming new tenant Signers National – a group of premier insurance companies – to the building. Signers will relocate to 15,000 s/f spread across two floors in the midrise.

“Relocating to 360 Lexington is an exciting move for Signers, and we are thankful to AmTrust for their support throughout the process,” said Joshua Lamberg, CEO and founder, Signers National. “This new space will allow us to better collaborate, grow our team, and continue delivering exceptional service to our clients.”

A 268,000 s/f office property, 360 Lexington Ave. is situated in Midtown East, near Grand Central Terminal. The building is located and surrounded by several retail amenities, including a range of shopping and restaurant options. At the base of the building are retail tenants including Starbucks and Makimaki Sushi.

“We’re pleased to announce the retention and expansion of Webster Bank as well as the addition of Signers National, which will build on the vibrancy of our 360 Lexington office community,” said Jonathan Bennett, president of AmTrust RE. “The recent leasing activity not only underscores a strong desire for primely located office spaces that bolster collaboration and overall tenant satisfaction but also reflects positive leasing momentum across New York City’s office market and early signs of a significant rebound.”