Natixis Signs 182,200-SF Lease to Relocate to 1251 Avenue of the Americas

9 Dec, 2010, New York

Natixis, the corporate, investment and financial services arm of Groupe BPCE, the second largest banking player in France and one of the world's leading global financial institutions, has signed a long-term lease for 182,200 square feet at 1251 Avenue of the Americas. The agreement, for the entire third through fifth floors in the 54-story Rockefeller Center skyscraper, will enable Natixis to bring all of its employees together under one roof from three separate locations in Midtown Manhattan.

Natixis will bring together employees from 9 West 57th St. and 1345 Avenue of the Americas, with employees already based at 1251 Avenue of the Americas, which is located between 49th and 50th Streets.

Cushman & Wakefield brokerage professionals John Cefaly and Robert Lowe advised Natixis in its site search and lease negotiation, along with Ed Donnery of the firm's Consulting Group, as well as Henry Bonet and Larry Lorber from Natixis. The building's owner, Mitsui Fudosan America, was represented by David Falk, Peter Shimkin and Nick Berger of Newmark Knight Frank, the building's exclusive leasing agent, together with Christopher N. Perez of Mitsui Fudosan America.

Built in 1970, 1251 Avenue of the Americas occupies a prime location in the heart of Midtown Manhattan. As part of Rockefeller Center, the limestone clad, 2.4 million-square-foot tower is considered one of the premier office buildings in Manhattan. Acquired by Mitsui Fudosan Americas in 1986, the U.S. subsidiary of one of the leading global real estate investment, development and management companies, the building has been continually upgraded to the highest standards with the most recent addition being the renovation of the outdoor plaza and fountain in 2006.

Natixis has a number of areas of expertise which are organized in three main business lines: Corporate and Investment Banking, Investment Solutions (asset management, private banking, insurance) and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of BPCE's two retail banking networks. The company is listed on the Paris stock exchange.

In addition to Natixis, 1251 Avenue of the Americas is home to other major financial institutions and law firms, including The Bank of Tokyo-UFJ, DLA Piper, Merrill Lynch, Mizuho Corporate Bank, Rothschild Inc., Sidley Austin, and Trust Company of the West.

In addition to class-A properties in New York including 527 Madison Ave. and 100 William Street, Mitsui Fudosan America, Inc., owns premier properties and development sites in major cities throughout the U.S., including Washington, D.C., Los Angeles, San Francisco, and Hawaii.

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