News: Brokerage

Three office leases finalized for 600 Fifth Ave. at Rockefeller Center - 98% leased across all six million s/f of office space

Manhattan, NY Tishman Speyer closed two new leases and one renewal for 600 Fifth Ave.: King & Wood Mallesons, an international law firm, and Legends Global, a global sports and entertainment company, signed leases for new spaces for 8,000 s/f each. Sumitomo Electric U.S.A. Holdings renewed its lease for 8,000 s/f.

King & Wood Mallesons is an international law firm with deep roots in Asia and a global footprint, advising corporations, financial institutions, and governments on complex cross-border transactions, disputes, and regulatory matters. The 8,000 s/f space is on the 27th floor of 600 Fifth Ave.

Legends Global is the premier partner to the world’s greatest live events, venues, and brands, offering a fully integrated solution of premium services, including feasibility & consulting, owner’s rep, sales, partnerships, venue management, hospitality, merchandise, and content & booking. The 8,000 s/f space is on the 19th floor of 600 Fifth Ave.

Sumitomo Electric U.S.A. Holdings is the regional holding company for Japan-based Sumitomo Electric Industries, a global manufacturing company that operates in diverse sectors, including automotive, infocommunications, and energy, with a focus on long-term value creation. The 8,000 s/f space is on the 18th floor of 600 Fifth Ave.

In the lease agreements, Tishman Speyer was represented in-house by Blythe Kinsler, Ben Epstein, Kate Walker, or James Einstein. King & Wood Mallesons was represented by Cole Chartash of Cushman & Wakefield. Legends Global was represented by Jonathan Franzel and Leo Kone of Newmark. Sumitomo Corp. was represented by James Saunders and Brett Stein of Newmark.

“These three leases underscore the continued demand for 600 Fifth Ave. and reflect the strength and diversity of Rockefeller Center’s campus,” said EB Kelly, senior managing director at Tishman Speyer and head of Rockefeller Center. “Companies across industries are drawn to an environment that offers more than just office space: Rock Center is a community with world-class amenities, cultural energy, and a campus experience that supports collaboration, creativity, and long-term growth.”

“King & Wood Mallesons is pleased to have office space at 600 Fifth Ave. The office and the amenities at Rockefeller Center offer our lawyers, staff, and most importantly, our clients, easy access to New York’s best restaurants, shopping, and cultural events. Our collaboration with the Tishman Speyer team has been excellent and we look forward to a long and fruitful relationship,” said Meg Utterback, partner at King & Wood Mallesons.

“We enjoy the convenience of Rockefeller Center, with its direct subway access and a variety of restaurants and shops connected through Under 30 Rock,” said Pavee Suvagondha, head of human resources and administration of the Americas at Sumitomo Electric U.S.A. Holdings.

Rockefeller Center is a global icon, built nearly a century ago as a “city within the city.” Today, 98% leased under the stewardship of owner and operator Tishman Speyer, its collection of art deco buildings surrounding the plaza and rink together comprise one of the city’s most dynamic destinations to work, play, dine, and shop.

600 Fifth Ave. is a 26-story office building situated at the intersection of West 48th St. and Fifth Ave. in Midtown Manhattan, and was completed in 1952 as the final addition to the original Rockefeller Center complex. Today, 600 Fifth Ave. is home to a range of leading customers in addition to Studio by Tishman Speyer, the company’s flagship coworking and flexible workspace concept. Studio offers a range of workspace solutions, including private offices, conference rooms, and event spaces, complemented by premium amenities such as ergonomic furniture, high-speed internet, and access to Tishman Speyer’s ZO amenity program, which offers global access to 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,.

 

Photo courtesy of Tishman Speyer.

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