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Paramount Backfills 190K SF at 1301 Ave. of the Americas
Paramount Group has signed leases aggregating 279,000 square feet at 1301 Ave. of the Americas, its 1.7- million-square-foot office building in Midtown Manhattan. The leases include a new 167,000-square-foot lease with Credit Agricole CIB and a 112,000-square-foot renewal and expansion lease with SVB Leerink.
The signing of these leases backfills approximately 190,000 square feet of existing vacancy at 1301 Sixth Ave., which was 71.5% leased as of June 30.
“These two significant commitments by discerning and high-quality tenants, demonstrate the importance of 1301 Avenue of the Americas central location and superior property attributes,” said Peter Brindley, Paramount’s head of real estate. “With these lease signings, Credit Agricole CIB continues to utilize the building as the headquarters for its Americas operations, and SVB Leerink more than doubles its footprint in the building. We remain focused on leasing the remaining availability at the building, aggregating approximately 269,500 square feet of contiguous space.”
- ◦Lease
