Mitsui Fudosan America’s vision for 1251 Avenue of the Americas achieves nearly 200,000 s/f of new leasing

Manhattan, NY Mitsui Fudosan America, Inc. (MFA) has completed more than 198,000 square feet of office leasing activity at 1251 Avenue of the Americas.

“Mitsui Fudosan America has redefined Midtown office space with a strategic $100 million-plus reinvestment into one of the most iconic buildings in Midtown Manhattan,” said John Kessler, CEO of Mitsui Fudosan America. “By curating elevated amenities, providing premier dining and inspiring communal outdoor space, we’ve proudly created a workplace that attracts best-in-class tenants and solidifies the building as one of the city’s most sought-after addresses.”

The leasing momentum is a combination of new office leases, renewals and expansions, including:

• Trust Company of the West, which executed a long-term renewal and expansion totaling 80,200 s/f across the 47th and 48th floors
• McGuireWoods, which signed a long-term extension and expansion totaling 75,000 s/f, maintaining its footprint on the 20th floor and expanding onto the 21st floor
• RBC, which signed a long-term lease for 42,900 s/f across the 36th floor, relocating from 1211 Avenue of the Americas

Slater Traaen, senior director at Mitsui Fudosan America, said, “Our vision for 1251 Avenue of the Americas has been to redefine what a timeless office experience means in today’s world by blending classic prestige with modern innovation. We’ve focused on creating an environment that fosters connection, creativity and well-being, where multiple generations can find common ground and thrive. The strong leasing momentum this has built reflects not only the importance of making this investment but also celebrates the strength of our building’s community.”

Mitsui Fudosan America’s substantial reinvestment and repositioning strategy has transformed 1251 Avenue of the Americas into a fully integrated workplace destination. The building features a newly delivered executive lounge and conference center on the concourse level, designed with high-end finishes to rival other premier Midtown offerings. In addition, a tenant-only terrace lounge on the seventh floor provides outdoor conferencing and gathering space with AV capabilities, an outdoor kitchen and bar and soft seating, complemented by an indoor welcome center currently under development.

The dining program introduces several high-profile concepts to the building. This includes the U.S. flagship of Rome-based restaurant Ginger, a white-tablecloth concept serving Italian and Mediterranean cuisine; Duke Café, which opened its 10,000 s/f flagship location earlier this year; and Double Knot, an upcoming two-level Japanese restaurant and lounge that will provide tenants and visitors with an upscale dining and social experience.

Located in the heart of Midtown Manhattan, 1251 Avenue of the Americas offers direct access to Rockefeller Center, retail and dining and transit connectivity. With floor plates, abundant natural light and an amenity and dining experience, the property continues to attract leading global firms seeking a world-class workplace destination.

Newmark's David Falk, Pete Shimkin, Eric Cagner and Claire Koeppel serve as the exclusive leasing agents at the building and represented ownership in lease negotiations. McGuireWoods was represented in-house. CBRE represented Trust Company of the West and Cushman & Wakefield represented RBC.