The Durst Organization

07/02/2018 | Press release | Distributed by Public on 07/02/2018 10:06




Law Firm Perkins Coie and Exchange Deutsche Börse Relocating to The Durst Organization's 1155 Avenue of the Americas

The Durst Organization today announced Perkins Coie has signed a 15-year lease for 57,971 square feet on the entire 20th through 22nd floors and partial 23rd floor of 1155 Avenue of the Americas. Deutsche Börse has signed a 10-year lease for 12,095 square feet on the partial 19th floor of the Corporate Row tower. Perkins Coie is relocating from their offices at 30 Rockefeller Plaza. Deutsche Börse is moving uptown from 60 Broad Street; they are the second exchange this year to announce a move from Lower Manhattan to one of Durst's midtown properties. Nasdaq is relocating its global headquarters to its MarketSite location at Durst's 4 Times Square.

1155 Avenue of the Americas was competed in 1984 and designed by Emery Roth & Sons. The building, LEED v4 Silver certified under the EBOM rating system (Existing Buildings Operations Maintenance), has undergone a $110 million capital improvement program. 1155's upgrades include a new lobby, destination dispatch elevators, new windows and floor-to-ceiling glass at the building's chamfered corners. In addition, a roof-top pavilion is under construction with striking views of Bryant Park, the Empire State Building and One World Trade Center.

'We are thrilled to have Perkins Coie and Deutsche Börse join the Durst portfolio,' said Jonathan (Jody) Durst, President of The Durst Organization. 'With its prestigious Sixth Avenue address and dazzling midtown views, 1155 has always had an impressive tenant roster. Today, after more than $100 million in upgrades including new windows and a new lobby the building has become a mecca for boutique financial service firms that seek an elegant environment for their client facing business.'

Perkins Coie was represented by Vice Chairman Ken Rapp, Senior Vice President David Kleinhandler, Senior Vice President Michael Wellen and Vice President Cara Chayet of CBRE. The Durst Organization was represented in-house by Executive Vice President Tom Bow and Senior Managing Director Rocco Romeo. Deutsche Börse was represented by JLL's Senior Vice President Simon Landmann, and Durst was represented in-house by Tom Bow and Rocco Romeo.

Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on matters vital to our clients' success. With more than 1,000 lawyers in 19 offices across the United States and Asia, we provide a full array of corporate, commercial litigation, intellectual property and regulatory legal advice to a broad range of clients, including many of the world's most innovative companies and industry leaders as well as public and not-for-profit organizations.

As a diversified exchange organisation, Deutsche Börse Group's products and services cover the entire value chain in the financial services sector. Its business areas range from the admission of securities to listing, through trading, clearing and settlement to custody services for securities and other financial instruments along with collateral and liquidity management. Additionally, the Group provides IT services, indices and market data worldwide. We have divided our products and services into nine groups. With more than 5,000 employees, the company has its headquarters in the financial center of Frankfurt/Rhine-Main, as well as a strong global presence in Luxembourg, Prague, London, Zurich and Moscow, in New York and Chicago, in Hong Kong, Singapore, Beijing and Tokyo - and at other locations for its customers all over the world.

The Durst Organization, founded in 1915 by Joseph Durst, is the owner, manager and builder of 13 million square feet of premiere Manhattan office towers and 1,950 residential rental units with 3,400 in development. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings.

CONTACT: Jordan Barowitz


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