1271 Avenue of the Americas/ Photo courtesy: Rockefeller Group 1271 Avenue of the Americas/ Photo courtesy: Rockefeller Group

NEW YORK CITY—Rockefeller Group has reached 77% occupancy of 1271 Avenue of the Americas with H.I.G. Capital’s leasing 57,829 square feet. The global private equity and alternative assets investment firm will move from 600 Fifth Ave. to occupy the entire 23rd floor and a portion of the 22nd floor in their new offices. The iconic skyscraper was the first building to be developed in the modern expansion of Rockefeller Center to the west side of Sixth Avenue.

Although additional terms of the lease were not disclosed, a source close to the deal tells GlobeSt.com that H.I.G.’s move is scheduled for Q4 2019 and asking rents in the building have ranged from $90 to $125 per square foot. In addition, the source notes that H.I.G. is substantially expanding its space, leasing approximately 32,000 square feet at its current Fifth Avenue location. Deals of this nature typically range 10 years or longer.

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?


© 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 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


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.