CBRE Lands Agency for 1271 Ave. of the Americas

NEW YORK CITY—The Rockefeller Group has appointed the CBRE Group, Inc. as the exclusive leasing agent for its 48-story 1271 Ave. of the Americas office building.

The 2.1-million-square-foot office tower is located between 50th and 51st streets opposite Radio City Music Hall. The property, which has averaged an occupancy rate of more than 97%, is expected to have as much as 1.9 million square feet of office space available for lease within the next four years, CBRE officials say.

The Rockefeller Group plans to undertake a capital improvement program at 1271 Ave. of the Americas to further enhance the desirability of the building in concert with the leasing program. Last year the building became one of the largest Class A office buildings in Manhattan to achieve LEED Silver certification for energy efficiency. A CBRE team led by New York Tri-State Region CEO Mary Ann Tighe, Vice Chairman Howard Fiddle, and Executive Vice President John Maher will market the available space in 1271 Ave. of the Americas to prospective tenants, in coordination with Edward J. Guiltinan, senior vice president of The Rockefeller Group.

“We are delighted to be working with the Rockefeller Group to reintroduce this iconic property to the New York real estate scene,” says Tighe. “For years, this magnificent mid-century modern masterpiece has been largely off the radar screen as there has never been any direct space available. Now, however, there is an unusual opportunity for mid-size and large companies to capture space in the center of Midtown, where headquarter-quality blocks are hard to come by. In fact, the market is quickly responding favorably and we already are seeing tremendous interest in 1271 Ave. of the Americas.”

In-building amenities include a number of restaurants such as Capital Grille, Ted's Montana Grill and Le Pain Quotidien, as well as direct access to the B, D, F and M subway lines and the shops at Rockefeller Center. Other retail tenants include Fidelity Investments and SNY, a sports media network that operates a street-level broadcast studio.

For those in the advertising business, the building is also known as home to the fictitious advertising agency, Sterling Cooper Draper Price, from the “Mad Men” television series.