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Brokerage
Posted: April 30, 2024
Clune Construction relocating NYC headquarters to The Durst Organization’s 655 Third Ave.
Manhattan, NY The Durst Organization said that Clune Construction is moving the general contractor’s New York City headquarters to 655 Third Ave., taking the entire 10th floor. 655 Third Ave. has seen leasing momentum over the past year. With Clune’s new 23,437 s/f lease and Empire State Development moving the company’s headquarters into 117,000 s/f in the building, 655 Third Ave. has gone from 52% leased in 2022 to 85% leased.
The Durst Organization was represented in-house by Tom Bow, Ashlea Aaron, and Bailey Caliban. Clune was represented by John Mambrino and Nicholas Farmakis at Savills.
“Well-maintained office buildings with excellent access to public transit continue to attract top-tier tenants,” said Jody Durst, president of The Durst Organization. “We are pleased to welcome Clune Construction to 655 Third Ave.”
“The relocation of Clune Construction’s New York office to 655 Third Ave. marks a significant milestone in our growth in the region,” said Sean Clune, president of Clune Construction’s New York Region. “Our strategic move to this premier office building signifies not only our dedication to providing top-tier services to our clients, but also our commitment to expanding our presence in the dynamic landscape of New York City.”
Located one block from Grand Central with its new Long Island Rail Road terminal, 655 Third Ave. offers one of the most convenient commuting destinations in New York City.
655 Third Ave. is another example of the successful implementation of Durst’s portfolio-wide sustainable policies and procedures. 655 achieved LEED Gold certification in 2019 under LEED v4 Existing Buildings: Operations + Maintenance with sustainability features including green roofs and double-glazed windows that deflect glare and improve office comfort.
In addition to Empire State Development, which is moving into five floors of the building this year, tenants at 655 Third Ave. include Abacus Group and the Big East Conference.
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