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Deals & Dealmakers

AmTrust Title Insurance expands at the News Building in Midtown

AmTrust Title Insurance Company has signed a 10-plus year expansion lease covering 13,771 s/f to occupy the entire 24th floor of 220 East 42nd Street, aka the News Building.

“We launched as First Nationwide Title Agency with the a staff of 12 people five years ago, steadily grew to more than 50 employees over the course of four years, then catapulted in size following our acquisition by AmTrust Financial a year ago,” said Steve Napolitano, senior executive vice president of AmTrust Title.

“We love the building, the location, the proximity to Grand Central Terminal, and are especially grateful that SL Green has made consistent efforts to accommodate our growth.”

“We are delighted to satisfy AmTrust’s on-going expansion,” said SL Green leasing director Steven Durels, noting it is the third relocation and expansion by AmTrust since 2012.

Landmarked 220 East 42nd Street, originally the headquarters for The New York Daily News, features the world’s largest indoor globe, made famous by the original Superman television series and feature films, the centerpiece of the building’s dramatic lobby.

Tara Stacom, Barry Zeller, Justin Royce and Matthias Li from Cushman & Wakefield represented the landlord.  AmTrust plans a move-in date by the end of the year.

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