{"id":36587,"date":"2023-08-09T09:12:03","date_gmt":"2023-08-09T06:12:03","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=36587"},"modified":"2025-03-25T16:08:45","modified_gmt":"2025-03-25T13:08:45","slug":"durst-lease-esdc-headquarters","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/durst-lease-esdc-headquarters\/","title":{"rendered":"Durst Lands Massive Lease for Empire State Development Headquarters at 655 Third Ave."},"content":{"rendered":"

The Durst Organization secured one of the largest office lease deals in Midtown so far this year with the signing of the Empire State Development Corp. (ESDC) at 655 Third Ave. The state agency signed a 20-year agreement for roughly 117,000 square feet of space and is moving its headquarters to the 30-story building from its previous location at 633 Third Ave., where it had a similar footprint.<\/p>\n

The negotiations were held between Newmark\u2019s Moshe Sukenik and Brian Cohen and, on behalf of the tenant, Manhattan Boutique Real Estate\u2019s Joan Brothers, as well as Durst\u2019s in-house team consisting of Tom Bow, Ashlea Aaron and Bailey Caliban. The reported asking price was $69 per square foot<\/a>.<\/p>\n

\u201cWe are proud that Empire State Development has chosen 655 Third Avenue for its New York City headquarters,\u201d\u00a0Jonathan (Jody) Durst, president of the Durst Organization, said. \u201c[The building] has a prime location one block from Grand Central Terminal, offering unparalleled access to transit and convenience in New York City.\u201d<\/p>\n

ESDC will occupy five full floors at the property (floors two through six) and will take the place of former tenant Mitsubishi International Corporation. Japan\u2019s largest trading company decided to downsize and move into\u00a0Durst\u2019s\u00a0One Five One\u00a0skyscraper<\/a>\u00a0last year.<\/p>\n

Other notable tenants at 655 Third Ave. include software company Abacus Group and collegiate sports organization the Big East Conference, as well as Nippon Life Insurance.<\/p>\n

Designed by Emery Roth & Sons and built in the late 1950s, 655 Third Ave. boasts 425,000 square feet of prime Midtown office space<\/a> located between East 41st and East 42nd streets. The property at 655 Third Ave. also features a renovated lobby; double-glazed windows that deflect glare and reduce heat gain; and a 4,800-square-foot green roof.<\/p>\n

Need a reliable and up-to-date listings platform that grants you access to the most sought-after office and coworking solutions in major cities across the U.S.? Visit\u00a0<\/em>CommercialCafe.com<\/em><\/a>\u00a0and sort properties by location, size or price to find the best fit for your business:<\/em><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
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The Durst Organization secured one of the largest office lease deals in Midtown so far this year with the signing of the Empire State Development Corp. (ESDC) at 655 Third Ave. The state agency signed a 20-year agreement for roughly 117,000 square feet of space and is moving its headquarters to the 30-story building from…<\/p>\n","protected":false},"author":56,"featured_media":36589,"comment_status":"closed","ping_status":"closed","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-36587","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":"\nDurst 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