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Deals & Dealmakers

Four tenants renew with Durst in midtown

The Durst Organization today announced that Mitsubishi Chemical Holdings America, Inc. has signed a lease for 14,218 s/f on the 12th floor at 655 Third Avenue. 

Mitsubishi Chemical has been a tenant at the property since 2011 and is relocating and expanding from their 8,530 s/f on the 15th floor. 

The Permanent Mission of Belize to the United Nations has signed a lease to renew their 3,868 s/f on the 19th floor at 675 Third Avenue.  Their first lease at 675 Third was signed in 2003.  

Also, at 675 Third Avenue, Hebrew Free Loan Society expanded to 3,785 s/f.

And NGEN Mgt II has signed a renewal for their 2,059 s/f on the 18th floor at 733 Third Avenue.  NGEN moved into the property in 2009. 

655, 675 and 733 Third Avenue were designed by Emery Roth & Sons and each recently achieved Gold certification under LEED v4 Existing Buildings: Operations + Maintenance, reflecting the successful implementation of Durst’s portfolio-wide sustainable policies and procedures. The Durst Organization’s four operational East Side office buildings have a combined occupancy rate of 94%.

“We are extremely pleased Mitsubishi Chemical and Hebrew Free Loan Society are expanding and the Permanent Mission of Belize, and NGEN are renewing their leases at our Third Avenue properties,” said Jonathan (Jody) Durst, President of The Durst Organization. 

JODY DURST

“Durst began developing these commercial properties on Third Avenue in the 1950s.  Over the decades we have made numerous enhancements and improvements to these assets to operate more efficiently and sustainably and meet the demands of today’s commercial tenants.”

Mitsubishi Chemical was represented by Principal Gregg Cohen of Cresa. NGEN was represented by Director Scott Gutnick and Associate Cooper Weisman of Newmark Knight Frank.  The Durst Organization was represented in-house by Senior Managing Director Ashlea Aaron.  The Permanent Mission of Belize and Hebrew Free Loan Society deals were both done directly.

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