Hess has been one of the building's original tenants since 1973.Steven Durels, executive vice president and director of leasing andreal property for SL Green, could not disclose taking rent oraggregate lease value, but he notes that asking rent is $90 per sf.He also says that the building is 100% leased.


[IMGCAP(2)]The fact that Hess has made 1185 its worldwideheadquarters is a testament to the quality of the building and weare very pleased to be able to meet their continuing real estateneeds," Durels says. Located between 46th and 47th streets, 1185Avenue of the Americas offers a newly renovated lobby and elevatorcabs and features direct access to Rockefeller Center Concourse andis situated within walking distance of Grand Central Terminal, PennStation, Port Authority and many subway lines.


Hess Corp. was represented by Stephen Siegel and Douglas Lehmanof CB Richard Ellis. CBRE could not divulge taking rents oraggregate lease value at this time. The landlord was representedin-house by Howard Tenenbaum and Gary Rosen. Other major tenants inthe building include News America Inc., Bank of America, King &Spalding, National Hockey League and RSM McGladrey.


As GlobeSt.com reported in early June,accounting giant RSM McGladrey Inc., a division of H&R Block,signed a long-term, 164,771-sf lease renewal and expansion at theSL Green property, and Westdeutsche Landesbank surrendered theentire 7th floor covering 27,508 sf, which had eight years of aremaining term at below market rent. The surrender included abuyout fee paid to the landlord.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.