|
NEW YORK CITY - One of the world's leading international financial services organizations, Sun Life Financial (NYSE: SLF), has renewed its lease at W&H Properties' One Grand Central Place, announces Fred C. Posniak, senior vice president of W&H Properties.
The company, a tenant at One Grand Central Place since 2004, occupies 7,200 square feet on the 11th floor.
"2009 was the single best year we ever had at One Grand Central Place, with more than 260,000 square feet in lease signings," says Mr. Posniak. "And we believe that this renewal by an important international company is an indication of another successful year in 2010.
"We're also seeing more and more financial firms coming to this property," he continues, noting that the Sun Life transaction closely follows new leases signed by Pine Brook Road Partners, a private equity firm; and Prager, Sealy & Co., an investment services firm.
Sun Life was established in 1865 as The Sun Insurance Company of Montreal. Today, its financial and insurance operations, subsidiaries and joint ventures involve the United States, Canada, the United Kingdom, Hong Kong, the Philippines, China, Indonesia, India, Japan, and Bermuda.
Phil Giunta of Grubb & Ellis represented Sun Life in the renewal. Alison Coffey, Ryan Kass and William Cohen of Newmark Knight Frank represented the landlord.
Rising 55 stories directly opposite Grand Central Terminal, One Grand Central Place offers a white-glove corporate environment with unparalleled convenience. It offers direct in-building access to Grand Central Terminal, including Metro North and the 4, 5, 6, 7 and Times Square shuttle subway lines, and unsurpassed on-site services and amenities, including a visitor center, messenger center, multi-media conference center and law library.
The state-of-the-art property provides upgraded windows, elevators, air-conditioned public corridors and restrooms, and building-wide systems, including electrical, plumbing, HVAC and security.
Part of the W&H Properties Pre-War Trophy office portfolio, One Grand Central Place is owned by Lincoln Building Associates LLC, a partnership led by Peter L. Malkin and Anthony E. Malkin, one of New York City's most financially stable ownerships.
Available space ranges from W&H portfolio standard high-end pre-built suites from 2,500 to 5,000 square feet, build-to-suits from 5,000 square feet and white-boxed full floors from 9,000 to 48,000 square feet.
Ground floor retail is also available on Madison Avenue, totaling 3,000 square feet.
Broker commissions are paid in full at lease signing.
|
