The Durst Organization today announced that Francisco Partners has signed a six-year lease for 11,000 square feet on the 28th floor of 1155 Avenue of the Americas. The global investment firm is moving their offices from the Grace Building on Avenue of the Americas. And Jenner & Block signed a 15-year lease for 5,600 square feet on the balance of the 28th floor. The law firm leased the four floors directly above last year; and this expansion brings their footprint at the property to over 72,000 square feet.
1155 is LEED v4 Gold certified under the EBOM rating system (Existing Buildings Operations Maintenance) and has undergone a $130 million capital transformation into a 21st Century Class “A” trophy property. 1155’s upgrades include a new lobby and plaza designed by STUDIOS Architecture, new elevator cabs with destination dispatch controls, new windows throughout and enhanced floor-to-ceiling glass that takes advantage of the building’s four chamfered corners offering unparalleled views. 1155 Avenue of the Americas was completed in 1984 and designed by Emery Roth & Sons. It was the first building in New York City with thermal ice storage and first to receive EBOM LEED rating.
“We are pleased to welcome both Francisco Partners and Jenner & Block to the 28th floor of 1155 Avenue of the Americas,” said Jonathan (Jody) Durst, President of The Durst Organization. “We are witnessing a compelling trend in the leases at 1155 as it takes its place as a Bryant Park and Sixth Avenue trophy asset. Nearly all our new leases are coming from Avenue of the Americas submarket, opening their first Manhattan office or expanding their footprint within the property. And when Jenner first signed in 2021, they joined the growing law firm community at the property.”
Francisco Partners was represented by Newmark’s Eric Cagner, executive managing director and Alex Leopold Jenner & Block was represented by vice chairman Lewis Miller, executive vice president Jason Gorman and senior vice president Zachary Weil of CBRE. The Durst Organization was represented in-house by executive vice president Tom Bow and senior vice president Rocco Romeo. Associate director Tanya Grimaldo also represented Durst on the Francisco Partners.
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With more than $30 billion in assets under management, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.
Founded in 1914, Jenner & Block is a law firm of international reach with more than 500 lawyers in six offices, including Chicago, London, Los Angeles, New York, San Francisco, and Washington, DC. The firm has been widely recognized for producing outstanding results in corporate transactions and securing significant litigation victories from the trial level through the United States Supreme Court. Companies and individuals around the world trust Jenner & Block with their most sensitive and consequential matters. Firm clients range from the top ranks of the Fortune 500, large privately held corporations and financial services institutions to emerging companies, family-run businesses and individuals.
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 over three million square feet of residential rental properties with 3,400 rental apartments built, and over 3,500 in the pipeline. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings where people live, work and thrive. www.durst.org