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Deals & Dealmakers

Sumitomo Mitsui leases 6th Ave. headquarters

Japanese financial services company Sumitomo Mitsui Trust Group has signed a lease for 45,838 s/f at 1251 Sixth Avenue.

1251 Avenue of the Americas
1251 Avenue of the Americas

Mitsui Fudosan America owns the 54-story Rockefeller Center tower where rents range for midrise floors from $80 a square foot.

Pryor Cashman represented Sumitomo Mitsui Trust Group in a lease for 45,838 feet of space at Mitsui Fudosan America’s 1251 Sixth Avenue location, where rents range for midrise floors from $80 a square foot.

A legal team from Pryor Cashman — including partners Andrea Gendel, and co-chair of the Real Estate Group, Ronald B. Kremnitzer — represented Sumitomo Mitsui Trust Group.

The tenant was represented in lease negotiations by Cushman & Wakefield’s Fred Smith, Josh Kuriloff, Omar Farooq and Andrew Braver.  The landlord was represented by Newmark Grubb Knight Frank’s David Falk and Peter Shimkin, and by Chris Perez in-house at Mitsui Fudosan.

Sumitomo Mitsui Trust Group is relocating from 527 Madison Ave. The company was established by Sumitomo Mitsui Banking Corporation, which is the second largest bank in Japan. Other tenants in the building include The Bank of Tokyo, law firm DLA Piper and asset management firm Natixis.

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