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Deals & Dealmakers

Merrill Lynch makes 75 Rock commitment

Fried Frank acted as counsel to RXR Realty, as landlord, in its 124,000 s/f lease at 75 Rockefeller Plaza to Bank of America subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated.

RXR Realty, which acquired a 99-year ground lease for the building in 2012, had no comment on the deal.
The owner is in the midst of a gut renovation of the 623,000 s/f building which was previously occupied in full by Time Warner.

According to Fried Frank, Merrill is the first office tenant to sign a lease in the renovated building.
The investment and wealth management company will relocate from 717 Fifth Avenue and will occupy space on the second through fifth floors of the tower.

Fried Frank also represented RXR in a 40,000 s/f lease signed in May for nearly all of the building’s retail space to Mattel subsidiary, American Girl, for its new flagship store.

The Fried Frank team for the Merrill lease included real estate partner Meyer Last, real estate special counsel Jill Hayman, and real estate associate Michael E. Hofer. The team for the American Girl lease included real estate partner Meyer Last and real estate associate Valerie L. Kelly.

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