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Deals & Dealmakers

Paramount signs 125,000 s/f lease for CohnReznick

CohnReznick LLP, the 10th largest accounting, tax, and advisory firm in the United States, has signed a long-term lease for more than 125,000 s/f on the seventh and 10th floors at 1301 Avenue of the Americas.

The new location represents a significant expansion and upgrade for the firm’s national headquarters, which will feature state-of-the-art work spaces and collaborative meeting areas completely customized for the needs of the growing firm.
CohnReznick will move from its current 90,000 s/f location at 1212 Avenue of the Americas in phases beginning at the end of 2015 with an expected completion by end of 2017.

1301 Sixth Avenue
1301 Sixth Avenue

The new location will bring together 39 partners and more than 300 employees.
1301 Avenue of the Americas is a Class A property owned and managed by Paramount Group, Inc. The building is Energy Star compliant and currently preparing for LEED certification.

Designed by Skidmore, Owings & Merrill, the building is a 45-story office tower featuring more than 1.7 million square feet of office space that includes 30,000 s/f of ground floor and concourse level retail space.

At the base of the building is a concourse and connections to Rockefeller Center shopping, dining, and transportation.
“We have completely outgrown our current space, but love the neighborhood and were eager to stay,” said CohnReznick co-CEO, Tom Marino. “It was very important to us to find a first-class home in the area that accommodates our recent growth and better enables us to plan for future expansion.”

“In addition to gaining square footage, we will be updating the entire workspace with the latest in design technology,” added co-CEO, Ken Baggett.
CohnReznick was represented by CBRE in the transaction and the landlord was represented by Newmark Grubb Knight Frank.

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