Paramount Group has signed leases totaling 279,000 square feet at 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan.
The leases include a new 167,000 square foot lease with Credit Agricole CIB, a global corporate and investment bank, and a 112,000 square feet renewal and expansion lease with SVB Leerink, an investment bank specializing in healthcare and life sciences.
The signing of these leases backfills approximately 190,000 square feet of existing vacancy on floors six, eight, and nine at 1301 Avenue of the Americas, which was 71.5% leased as of June 30, 2021.
“These two significant commitments by discerning and high-quality tenants, demonstrate the importance of 1301 Avenue of the Americas central location and superior property attributes,” said Peter Brindley, Executive Vice President, Head of Real Estate.
“With these lease signings, Credit Agricole CIB continues to utilize the building as the headquarters for its Americas operations, and SVB Leerink more than doubles its footprint in the building. We remain focused on leasing the remaining availability at the building, aggregating approximately 269,500 square feet of contiguous space on floors two through five,” he added.