{"id":534730,"date":"2021-09-07T08:03:52","date_gmt":"2021-09-07T12:03:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paramount-signs-leases-aggregating-279000-square-feet-at-1301-avenue-of-the-americas\/"},"modified":"2021-09-07T08:03:52","modified_gmt":"2021-09-07T12:03:52","slug":"paramount-signs-leases-aggregating-279000-square-feet-at-1301-avenue-of-the-americas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paramount-signs-leases-aggregating-279000-square-feet-at-1301-avenue-of-the-americas\/","title":{"rendered":"Paramount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas"},"content":{"rendered":"

<\/p>\n

Paramount Signs Leases Aggregating 279,000 Square Feet <\/b>at 1301 Avenue of the Americas<\/b><\/p>\n

\u2013 Backfills Approximately 190,000 square feet of Existing Vacancy \u2013<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nParamount Group, Inc. (NYSE: PGRE) (\u201cParamount\u201d or the \u201cCompany\u201d) announced today that it signed leases aggregating 279,000 square feet at 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd<\/sup> and 53rd<\/sup> Streets in Midtown Manhattan.\n<\/p>\n

\nThe leases include (i) a new 167,000 square foot lease with Credit Agricole CIB, a leading global corporate and investment bank, and (ii) a 112,000 square feet renewal and expansion lease with SVB Leerink, a leading 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.\n<\/p>\n

\n\u201cThese two significant commitments by discerning and high-quality tenants, demonstrate the importance of 1301 Avenue of the Americas central location and superior property attributes,\u201d said Peter Brindley, Executive Vice President, Head of Real Estate. \u201cWith 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.\u201d\n<\/p>\n

About Paramount Group, Inc.<\/b><\/p>\n

\nHeadquartered in New York City, Paramount Group<\/a>, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210907005277\/en\/<\/a><\/span><\/p>\n

\nWilbur Paes
\n
Chief Operating Officer,
\n
Chief Financial Officer & Treasurer
\n
212-237-3122
\n
ir@paramount-group.com <\/a><\/p>\n

\nSumit Sharma
\n
Vice President, Business Development &
\n
Investor Relations
\n
212-237-3138
\n
ir@paramount-group.com<\/a><\/p>\n

Media:
\n<\/b>
212-492-2285
\n
pr@paramount-group.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Other Retail Finance Professional Services REIT Other Construction & Property Retail<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Paramount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas \u2013 Backfills Approximately 190,000 square feet of Existing Vacancy \u2013 NEW YORK–(BUSINESS WIRE)– Paramount Group, Inc. (NYSE: PGRE) (\u201cParamount\u201d or the \u201cCompany\u201d) announced today that it signed leases aggregating 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 (i) a new 167,000 square foot lease with Credit Agricole CIB, a leading global corporate and investment bank, and (ii) a 112,000 square feet renewal and expansion lease with SVB Leerink, a leading investment bank specializing in healthcare and life sciences. The signing of these leases backfills approximately 190,000 square … <\/p>\n

Continue reading “Paramount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-534730","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nParamount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paramount-signs-leases-aggregating-279000-square-feet-at-1301-avenue-of-the-americas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paramount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Paramount Signs Leases Aggregating 279,000 Square Feet at 1301 Avenue of the Americas \u2013 Backfills Approximately 190,000 square feet of Existing Vacancy \u2013 NEW YORK–(BUSINESS WIRE)– Paramount Group, Inc. (NYSE: PGRE) (\u201cParamount\u201d or the \u201cCompany\u201d) announced today that it signed leases aggregating 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 (i) a new 167,000 square foot lease with Credit Agricole CIB, a leading global corporate and investment bank, and (ii) a 112,000 square feet renewal and expansion lease with SVB Leerink, a leading investment bank specializing in healthcare and life sciences. 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