NEW YORK CITY-Financial advisory firm Lazard Ltd. will be adding 60,000 square feet to its existing 370,000-square-foot space at 30 Rockefeller Plaza in a 21-year renewal announced Friday. A Lazard deal, not yet signed at the time, had been reported as long ago as late December; however, earlier published reports said simply that the tenant would be renewing its existing space on the upper floors of the Midtown office tower.
A Cushman & Wakefield team led by chairman John Cushman, vice chairman Tara Stacom and Cynthia Foster, executive managing director of global client development, advised Lazard on its search of the Manhattan market. Members of C&W's project management and investment banking group were also part of the team.
Ultimately, Cushman says in a release, 30 Rock filled the bill. He adds that Tishman Speyer Properties, owner of the Rockefeller Center complex, “was a good partner with Lazard in addressing its floor space and design needs.”
In a release, Tishman Speyer managing director Thomas Madden notes that “Rockefeller Center has been Lazard’s New York home for nearly 40 years, and we are delighted that Lazard has chosen to stay with us. We have always felt fortunate to include Lazard, one of the world’s most successful and well-respected financial firms, among our dynamic roster of tenants.”
Lazard moved over from 1 Rockefeller Plaza to 30 Rock in 1995. The firm’s chairman and CEO, Kenneth Jacobs, says in a release that the deal provides “a long-term solution that offers efficiency and maximum flexibility from an operational standpoint, as well as the ability to enhance the space for our employees and clients.”
A Lazard spokeswoman and C&W spokesman decline to comment further on the renewal deal. Lazard has retained Swanke Hayden Connell Architects to redesign the workspace.
Friday’s announcement follows last week’s report on GlobeSt.com that NBC Universal had taken a total of 1.4 million square feet at Rockefeller Center, including 755,602 square feet at 30 Rock.
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