Introduction to Starr’s Expansion
Global insurance and investment firm Starr is expanding into Silverstein Properties’ 1177 Sixth Ave. The new, 49,264 square-foot lease is in addition to Starr’s current space at 399 Park Ave., where it will remain.
Lease Details
Sources said the asking rent was in the $80s per square foot. Starr signed a lease for the seventh and eighth floors of 1177 Sixth Ave. GoogleMaps
Facilities and Amenities
Starr will have the entire seventh and eighth floors of 1177 Sixth, including a private outdoor space overlooking the teeming avenue. Silverstein leasing vice-president Harlan Strader said the tower’s “balance of big-business prestige with boutique touches and its uplifting, sun-filled environment” continue to draw firms placing a premium on wellness and productivity.
Recent Leases and Tenants
Recent leases include for H.W. Kaufman Group, which moved its headquarters there. Major tenants include Kramer Levin and private equity firm Mill Point Capital.
Ground Floor Developments
At sidewalk level, a new outpost of fast-causal Middle Eastern eatery Naya will soon open, joining menswear shop Charles Tyrwhitt, a longtime tenant.
Conclusion
The expansion of Starr into 1177 Sixth Ave. marks a significant move for the company, providing it with additional space to grow while maintaining its existing presence at 399 Park Ave. The building’s attractive features, including its balance of prestige and boutique touches, along with its sun-filled environment, continue to attract prominent firms.
FAQs
- Q: Where is Starr expanding its operations?
- A: Starr is expanding into Silverstein Properties’ 1177 Sixth Ave.
- Q: How much space is Starr leasing?
- A: Starr is leasing 49,264 square feet.
- Q: What floors will Starr occupy in the building?
- A: Starr will occupy the seventh and eighth floors.
- Q: What is the asking rent for the space?
- A: The asking rent was in the $80s per square foot.
- Q: Are there any notable amenities or features in the building?
- A: Yes, the building features a balance of big-business prestige with boutique touches, an uplifting, sun-filled environment, and for Starr, a private outdoor space.
