News: Brokerage

Durst Org. secures two leases totaling 26,904 s/f

Manhattan, NY According to the Durst Organization, R3 LLC has signed a 10-year lease for 17,246 s/f at 1155 Avenue of the Americas. Additionally, Check Point Software Technologies, Inc. signed a five-year lease at the property for 9,663 s/f. 

R3 was represented by senior managing director Leo Paytas of NKF. Check Point was represented by senior director Waite Buckley of Vicus Partners. The Durst Org. was represented in-house by executive VP Tom Bow, senior managing director Rocco Romeo and senior leasing associate Tanya Grimaldo.

R3 is relocating their offices from 11 West 42nd St. 

Check Point is moving from 500 Fifth Ave.

1155 Avenue of the Americas was competed in 1984 and designed by Emery Roth & Sons. The building, LEED v4 Silver certified under the EBOM rating system (Existing Buildings Operations Maintenance), has undergone a $130 million capital improvement program. 1155’s upgrades include a new lobby, new elevator cabs and destination dispatch controls, new windows throughout and and an enhanced floor-to-ceiling glass condition that takes advantage of the the building’s chamfered corners. In addition, a tenant exclusive 8,000 s/f custom roof-top pavilion with a 4,000 s/f wraparound terrace.

“The stretch of Avenue of the Americas north of Bryant Park has steadily been attracting tenants in the technology industry,” said Jonathan (Jody) Durst, president of The Durst Org. “We are excited to welcome software companies R3 and Check Point to 1155 Avenue of the Americas, where they join the growing list of creative and innovative tenants that are transforming Sixth Avenue and Bryant Park.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,