RELEASE #6917
Morgan Stanley Leases Additional Space at 1221 Avenue of the Americas, The McGraw-Hill Building
NEW YORK, November 6, 2006 — Rockefeller Group Development Corporation (RGDC), a subsidiary of The Rockefeller Group, announced today that Morgan Stanley, the largest investment bank in the United States, has agreed to lease more than 130,000 square feet of additional space at 1221 Avenue of the Americas, The McGraw-Hill Building. The company has also renewed its lease on more than 178,000 square feet in the building. After the finalization of the deal, Morgan Stanley will lease more than 618,000 square feet of the total 2.7 million square feet available in the building, making the company the building's largest tenant.
“We've very excited that Morgan Stanley has chosen to expand within The McGraw-Hill Building,” said Jonathan D. Green, President and Chief Executive Officer, Rockefeller Group Development Corporation. “As building owner and manager, The Rockefeller Group is very proud of the amenities the building offers and we look forward to having Morgan Stanley as our tenant for many years to come.”
The tenant was represented by Gary Greenspan, Mitchell J. Barnett, and Robert J. Brennan of Cushman & Wakefield.
The McGraw-Hill Building's tenant roster includes the offices of The Rockefeller Group, as well as The McGraw-Hill Companies, Inc.; International Council of Shopping Centers; Société Générale; Columbia House; XL Capital Assurance; Sonnenschein, Nath & Rosenthal; and Sirius Satellite Radio Inc.
“We are very proud of the how The McGraw-Hill Building has evolved over the years and is considered one of New York City's top Class A office spaces,” said Alan L. stein, Senior Vice President, Marketing and Leasing, Rockefeller Group Development Corporation. “From our newly upgraded lobby, elevators, HVAC, electrical, and telecommunications to other cost efficient operating systems, we believe the building can enhance virtually any company's working environment.”
The McGraw-Hill Building provides direct access to the shops of the Rockefeller Center concourse and is just steps from Times Square. The building's on-site amenities include a 270-seat auditorium and conference center and the following retailers and restaurants: Del Frisco's Double Eagle Steakhouse; New York Sports Club; Café Metro; and Chipotle Mexican Grill.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
About Rockefeller Group Development Corporation
RGDC is a national owner, developer, and manager of prestigious commercial real estate properties. Its development capabilities include corporate headquarters, landmark properties, multi-use urban complexes, multinational distribution facilities, suburban business parks, and foreign trade zones. RGDC is an operating company of The Rockefeller Group, developer of Rockefeller Center in New York City and a subsidiary of Mitsubishi Estate Company, Ltd. For more information about Rockefeller Group Development Corporation, please visit www.rockgroupdevelopment.com.
