{"id":28746,"date":"2020-08-28T15:39:49","date_gmt":"2020-08-28T12:39:49","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=28746"},"modified":"2025-03-25T16:09:26","modified_gmt":"2025-03-25T13:09:26","slug":"fti-120ksf-lease-midtown-office","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/fti-120ksf-lease-midtown-office\/","title":{"rendered":"FTI Consulting Signs 120KSF Lease at Midtown Office"},"content":{"rendered":"

FTI Consulting \u2014 a NYSE-listed financial advisory company \u2014 inked a 15-year lease for a 120,000-square-foot space at 1166 Avenue of the Americas, a Class A office space in Midtown Manhattan<\/a>. The deal allows FTI to consolidate multiple offices into the former International Paper Building \u2014 just a few blocks west of Grand Central Terminal and north of Bryant Park \u2014 and convert it into its New York City headquarters.<\/p>\n

The agreement, which features an asking rent of roughly $80 per square foot<\/a>, will grant the consulting firm use of the entire 14th<\/sup>, 15th<\/sup> and 16th<\/sup> floors in the 1.6 million-square-foot building located between West 45th and West 46th streets. Organized as a 46-unit condominium, the property\u2019s tenant roster includes the likes of Sprint, D.E. Shaw, Janney Montgomery Scott, William Blair & Company, and Marsh & McLennan.<\/p>\n

\"Former

1166 Avenue of the Americas, New York<\/p><\/div>\n

Completed in 1974, the building was recently renovated by world-renowned design and architecture firm Gensler. Updates include the installation of new glass security panels, security turnstiles and sheetrock ceilings, as well as light fixtures throughout the building. Furthermore, the fully revamped lobby now features paintings by Yayoi Kusama and Harmony Korine; sculptures by KAWS and Tom Otterness; tapestries by Roy Lichtenstein; and a monument model by Claes Oldenburg and Coosje van Bruggen. Plus, a new a 12,000-square-foot, multi-purpose conference center<\/a> will also be added on the 12th floor of the building.<\/p>\n

This lease comes on the tail of several other important leases by major companies since the beginning of the pandemic. At the end of May, TikTok signed a 10-year lease for 232,000 square feet at Durst\u2019s One Five One<\/a> building at 151 W. 42nd St. In July, AIG moved its global headquarters into the Time-Life building<\/a> in Midtown and Facebook expanded its Manhattan footprint with 730,000 square feet<\/a> in the six-story Farley Building. \u00a0Finally, financial firm Raymond James will occupy 160,000 square feet at 320 Park Ave.<\/p>\n

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FTI Consulting \u2014 a NYSE-listed financial advisory company \u2014 inked a 15-year lease for a 120,000-square-foot space at 1166 Avenue of the Americas, a Class A office space in Midtown Manhattan. The deal allows FTI to consolidate multiple offices into the former International Paper Building \u2014 just a few blocks west of Grand Central Terminal…<\/p>\n","protected":false},"author":56,"featured_media":28748,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-28746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nFIT Leases 120KSF at Midtown Office - 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