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Mitsui Fudosan Lands New Tenants at 1251 Avenue of the Americas

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Mitsui Fudosan America Inc. has recently added to its tenant roster at the former Exxon Building at 1251 Avenue of the Americas in New York City. Berenberg Capital Markets LLC and McGuireWoods LLP will be setting up shop at the 54-story, 2.4 million-square-foot Manhattan tower, which has now reached 98% occupancy.

“Both tenants exemplify the kind of leading companies that have enjoyed great success at 1251,” Christopher Perez, senior vice president of MFA, said in a statement. “We look forward to serving as their New York headquarters for many years to come.”

1251 Avenue of the Americas (Yardi Matrix)

1251 Avenue of the Americas (Yardi Matrix)

Berenberg Capital Markets LLC is a subsidiary of German bank Berenberg, the second-oldest bank in the world, founded in 1590. The firm signed a 12-year lease at the Manhattan office tower on March 15th, 2017, and will occupy the building’s entire 53rd floor, totaling roughly 31,700 square feet. JLL’s Mitchell Konsker, Alexander Chudnoff and Benjamin Bass represented the bank in the lease deal.

Leading global firm McGuireWoods LLP will take over the entire 20th floor at 1251 Avenue of the Americas, totaling 41,900 square feet, as well as 1,659 square feet on the concourse level. The 15-year lease started on March 2nd, 2017, with Chris Mongeluzo and Brian Cohen of NGKF representing McGuireWoods in the negotiations.

David Falk, Peter Shimkin, Eric Cagner, Romel Canete and Nick Berger of NGKF represented Mitsui Fudosan in both leases.

The high-rise office tower at 1251 Avenue of the Americas was completed in 1970 and renovated in 1993, according to data from Yardi Matrix. The building is LEED Silver certified, includes 21,637 square feet of first-floor retail space, and contains 55 separately parceled, privately owned office condominiums. The tenant roster includes Natixis, Mitsui Fudosan, Rothschild & Co., DLA Piper and the Development Bank of Japan, among others.

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