Mitsui Fudosan America gained another long-term tenant this month as Sandler O'Neill & Partners inked a lease for 74,164 square feet in the 1251 Avenue of the Americas skyscraper in New York. While terms of the lease were not disclosed, CoStar reports that O'Neill's occupancy is scheduled for 2012. Sandler O'Neill & Partners was represented by Cushman & Wakefield while the owners were represented by Newmark Knight Frank.
1251 Avenue of the Americas, also known as the Exxon Building, was part of the later Rockefeller Center expansion (1960s-1970s) dubbed the "XYZ Buildings" on Sixth Avenue, (also known as Avenue of the Americas). In 1989 Exxon announced that it was moving its headquarters and around 300 employees from New York City to the Las Colinas area of Irving, Texas. Exxon sold the Exxon Building, its former headquarters, to a unit of Mitsui Real Estate Development Co. Ltd. in 1986 for $610 million. Tenants of the property include DLA Piper, Rothschild, Mizuho, The Bank of Tokyo-Mitsubishi, and Natixis, which recently leased a large block of space in the building.
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