Search
 

AllianceBernstein Relocates HQ from NYC to Nashville

The Wall Street money manager cites lower state, city and property taxes as a reason for its move.

1345 Avenue of the Americas AllianceBernstein will be relocating its headquarters from 1345 Avenue of the Americas.

NEW YORK CITY—AllianceBernstein is moving its headquarters from New York City to Nashville, TN. The 51-year-old Wall Street firm will be taking approximately 1,050 jobs and will begin moving employees in 2018, as first reported in the Wall Street Journal. The company manages $550 billion in assets.

According to its 2017 annual report, AllianceBernstein has leased 992,043 square feet of space at its current location of 1345 Avenue of the Americas. Its lease with property owner Fisher Brothers expires in 2024. The asset manager presently occupies 523,373 square feet of the space and has sublet or is seeking to sublet approximately 468,670 square feet of the space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.