The Durst Organization Inks Manhattan Lease Expansion

The Durst Organization has inked a lease expansion to 22,916 square feet at 1133 Avenue of the Americas, the 1.1 million-square-foot Class A office tower in Manhattan’s Plaza District.

The tenant in question is Interactive Brokers Group Inc., which previously occupied 16,940 square feet at the building’s 36th floor and has now increased its footprint by 5,976 square feet for the next seven years. The landlord was represented in house while CBRE negotiated on behalf of the tenant.

The 45-story office high-rise came online in 1970 and was completely renovated in 2013, according to CommercialEdge information. The tower features 20 passenger elevators, floorplates between 22,000 square feet and 35,000 square feet and 124 vehicle parking spots.

Notable tenants at 1133 Avenue of the Americas include The Chiba Bank, LGT Capital Partners, ING Financial Holdings and The National Basketball Players Association, among others, the same source reveals.

The LEED Gold-certified property went through a $40 million capital improvement program in 2016, that resulted in an upgraded travertine lobby with a new security desk, more than 5,000 square feet of green roof and multiple landscaped terraces.

The office tower is close to multiple bus and subway stations, 4 miles from the Financial District. The location is also 10 miles from Brooklyn, N.Y., and 16 miles from John F. Kennedy International Airport.

CBRE’s Tim Dempsey, Roger Griswold and Chris Hogan negotiated on behalf of the tenant. Durst was represented in-house by Tom Bow, Rocco Romeo and Nora Caliban.

Manhattan leasing deals so far this year

Significant office deals signed in Manhattan since the start of 2024 include Paramount Group’s 74,000-square-foot deal at 1301 Avenue of the Americas, that was signed last month. Citizens Bank is the latest tenant at the 1.7 million-square-foot office building.

During the same period, Ekimetrics—a data science and AI-powered solutions company—relocated its only U.S. office to 120 Broadway, a 1.9 million-square-foot skyscraper owned by Silverstein Properties, in Lower Manhattan. The tenant committed to 24,367 square feet for the next 10 years.

Another notable deal was skincare and beauty brand Sol de Janeiro USA’s 57,203-square-foot lease at One Grand Central Palace, a 1.3 million-square-foot office property owned by Empire State Realty Trust. The tenant expanded its New York City presence and will use the new space for 11 years.