Cushman & Wakefield today announced that financial advisory and asset management firm
Lazard (NYSE: LAZ) has reached an agreement with Tishman Speyer to renew its office lease at 30
Rockefeller Plaza, effective June 2012.
Lazard is a major office tenant within Rockefeller Center, currently occupying 370,000
square feet and most of the top floors of 30 Rockefeller Plaza. The new, 21-year lease includes
an additional 60,000 square feet of available workspace.
"We are pleased to stay at 30 Rockefeller Plaza, one of the most prestigious buildings
and locations in New York City," said Kenneth M. Jacobs, Chairman and CEO of Lazard.
"This agreement provides a long-term solution that offers efficiency and maximum
flexibility from an operational standpoint, as well as the ability to enhance the space for our
employees and clients."
"Lazard ultimately determined that 30 Rockefeller Plaza provided both a prime location
and a distinctive building within a world-class complex, with exceptional ownership and value
in today's market," said Tara Stacom, Vice Chairman of Cushman & Wakefield.
"Lazard conducted an extensive site selection process in the Manhattan market,"
said John Cushman, Chairman of Cushman & Wakefield. "However, 30 Rockefeller Plaza
provides the space required by Lazard. Tishman Speyer was a good partner with Lazard in
addressing its floor space and design needs."
"Rockefeller Center has been Lazard's New York home for nearly 40 years, and we are
delighted that Lazard has chosen to stay with us," said Thomas Madden, Managing Director,
Tishman Speyer. "We have always felt fortunate to include Lazard, one of the world's most
successful and well-respected financial firms, among our dynamic roster of tenants."
Lazard was advised by a Cushman & Wakefield team led by Cushman & Wakefield Chairman
John Cushman, Vice Chairman Tara Stacom and Cynthia Foster, Executive Managing Director of
Global Client Development, along with members of their Project Management and Investment
Banking Group. Lazard has retained Swanke Hayden Connell Architects to redesign the
workspace.