{"id":36560,"date":"2023-07-19T09:19:17","date_gmt":"2023-07-19T06:19:17","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=36560"},"modified":"2025-03-25T16:08:45","modified_gmt":"2025-03-25T13:08:45","slug":"lockton-leases-new-midtown-hq","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/lockton-leases-new-midtown-hq\/","title":{"rendered":"Lockton Re Secures Lease for New Midtown Headquarters"},"content":{"rendered":"

Kansas City, Mo.-based reinsurance company Lockton Re has signed a contract for its new headquarters at 261 Fifth Ave. The 10-year contract will secure 19,326 square feet of office space in Midtown Manhattan<\/a> to occupy the entire 10th<\/sup> floor of The Feil Organization-owned tower. According to the landlord, the asking price was $65 per square foot<\/a>. Lockton will be moving its operations from its previous location at 48 W. 25th<\/sup> St.<\/p>\n

Andrew Wiener,\u00a0Tim Parlante\u00a0and\u00a0David Turino\u00a0represented the landlord in-house, while\u00a0JLL\u2019s Don Preate\u00a0negotiated on behalf of the tenant.<\/p>\n

\u201cAs our global business continues to grow, it\u2019s critical for us to be in a space that supports our culture and expansion,\u201d said\u00a0Tim Gardner, CEO of Lockton Re. \u201cThis is a great location for our colleagues, clients and partners with attentive management to accommodate us.\u201d<\/p>\n

Located between 28th and 29th streets, 261 Fifth Ave. is just three blocks north of Madison Square Park. Originally built in 1928 by Buchman & Kahn, the 450,000-square-foot building was recently subject to a $20 million renovation. Improvements included a revamp of the ground-floor retail space; the creation of pre-built office spaces for future tenants; as well as upgrades to the property\u2019s entryway, lobby, common facilities and elevators.<\/p>\n

\u201cWhile flight to quality has dominated headlines, another trend has been quietly playing out in parallel \u2014 one that we know very well,\u201d\u00a0said Brian Feil, principal at The Feil Organization. \u201cTenants are prioritizing what matters most \u2014 high-quality space, attentive ownership and premier locations that don\u2019t break the bank.\u201d<\/p>\n

Other tenants in the building include Performance Trust Capital Partners \u2014 which recently signed an agreement for 2,600 square feet of space \u2014 and Catalyst Investors, which signed on for 4,705 square feet.<\/p>\n

CommercialCafe.com gives you access to the latest office space listings across all major U.S. markets. Use our interactive map and filters to find the best match for your business needs:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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Kansas City, Mo.-based reinsurance company Lockton Re has signed a contract for its new headquarters at 261 Fifth Ave. The 10-year contract will secure 19,326 square feet of office space in Midtown Manhattan to occupy the entire 10th floor of The Feil Organization-owned tower. According to the landlord, the asking price was $65 per square…<\/p>\n","protected":false},"author":56,"featured_media":36562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,4014,39],"tags":[],"class_list":["post-36560","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":"\nLockton Re Secures Lease for New Midtown Headquarters - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Lockton Re has signed a contract for its new headquarters at 261 Fifth Ave. The 10-year contract will secure 19,326 square feet of office space...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/lockton-leases-new-midtown-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lockton Re Secures Lease for New Midtown Headquarters\" \/>\n<meta property=\"og:description\" content=\"Lockton Re has signed a contract for its new headquarters at 261 Fifth Ave. The 10-year contract will secure 19,326 square feet of office space...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/lockton-leases-new-midtown-hq\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T06:19:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:08:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2023\/07\/Fifth-avenue-Broadway-aerial-view.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1980\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Sabau\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Diana Sabau\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/lockton-leases-new-midtown-hq\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/lockton-leases-new-midtown-hq\/\",\"name\":\"Lockton Re Secures Lease for New Midtown Headquarters - 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