The firm previously occupied approximately 192,000 square feet at the property.
Stretching from East 43rd Street to East 45th Street with direct access to Grand Central Terminal, the 58-story structure opened in 1963 as the renowned “Pan Am Building.” From the start, it has been one of New York’s City’s most famous and recognized buildings, and home to many large and well-known corporations. Fully modernized, it consists of three million square feet of office and retail space with an adjacent six-story parking garage and many first-class on-site and nearby amenities.
Commenting on the transaction, Tishman Speyer President and Co-CEO Rob Speyer (http://www.linkedin.com/
Gibson Dunn was represented in the transaction by Lewis Miller and Andrew Sussman of CB Richard Ellis. Tishman Speyer’s Megan Sheehan and Calvin Farley represented ownership.
About Tishman Speyer (www.tishmanspeyer.com)
Tishman Speyer (http://tishmanspeyer.wordpress.com) is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York's Rockefeller Center and Chrysler Center, Berlin's Sony Center and Torre Norte in São Paolo, Brazil.