News: Brokerage

Kinsler and Walker of Tishman Speyer lease 22,000 s/f to Chimera at 1 Rockefeller Plaza

Manhattan, NY Tishman Speyer said that Chimera Investment Corp. has signed a 15-year lease for 22,000 s/f on the 32nd floor and portions of the 33rd and 34th floors of 1 Rockefeller Plaza. Chimera was previously in 15,000 s/f at Rockefeller Center’s 630 Fifth Ave.

Chimera was represented by Conor Denihan and Connor De-
simone of CBRE. Tishman Speyer was represented in-house by Blythe Kinsler and Kate Walker.

Built in 1936, 1 Rockefeller Plaza is a 34-story Class-A office building located in Midtown. Owned by Tishman Speyer, 1 Rockefeller Plaza was formerly known as the Time & Life Building and features Art Deco architecture in addition to the three-part wood-carved sculptural mural by Carl Milles, titled “Man and Nature.” The lobby of 1 Rockefeller Plaza is also home to Tishman Speyer’s most recent acquisition for the Center’s permanent art collection, the kinetic sculpture “Amplitude” by Studio Drift, commissioned and installed in 2021, adjacent to “Man and Nature.”

The Chimera team benefits from Tishman Speyer’s global amenity program, ZO, which offers global access to high end lounge and work spaces, wellness services, and experiences at Tishman Speyer properties around the world. At Rockefeller Center, ZO amenities include exclusive pricing on attractions such as The Rink, The Beam, and Skylift; and perks at retailers such as J. Crew and Rough Trade, as well as dining options including Smith & Mills and Daily Provisions. Customers also enjoy access to the ZO Clubhouse on the 33rd floor of 1 Rockefeller Plaza as well as Radio Park, which has quickly become a favorite destination to relax, collaborate, or socialize.

“We’re thrilled that Chimera has decided to make Rockefeller Center their headquarters after getting to know the campus,” said EB Kelly, senior managing director at Tishman Speyer and Head of Rockefeller Center. “This lease underscores the enduring appeal of Rockefeller Center to New York’s investment industry, and we’re proud to continue to provide a setting that supports their long-term growth at one of the world’s most iconic addresses.”

Rockefeller Center is 98% leased under the stewardship of owner and operator Tishman Speyer, the Center’s collection of art deco buildings surrounding the plaza and rink together comprise the city’s most dynamic destination to work, play, dine, and shop.

Chimera, an internally managed real estate investment trust founded in 2007, is primarily engaged in investing in a diversified portfolio of residential mortgage assets, both for owned accounts and third parties through its investment management and advisory services. Since its inception, Chimera has focused on generating attractive risk-adjusted returns for shareholders and has played a consistent role in the mortgage investment space, declaring $6.4 billion in common and preferred stock dividends.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,