NBCUniversal renewed 244,185 square feet at 1221 Avenue of the Americas, according to Commercial Observer.
The renewal keeps the company in place at 1221 Avenue of the Americas, a well-known Midtown tower in the Times Square submarket. The report says the tenant is staying put in a large block of space that it has occupied for years.
Details on the new term were not reported, and the asking rent was not disclosed in the article. Commercial Observer noted that the transaction surfaced in a second-quarter office report from CBRE, which also pointed to strong leasing activity across Manhattan during the period.
For 1221 Avenue of the Americas, the deal stands out simply because of its size. Large renewals like this continue to shape the Midtown market, especially in established buildings with major tenants already in place.
Tenant: NBCUniversal
Building: 1221 Avenue of the Americas
Floor: 29-33
Lease term: Renewal in Space
SF: 244,185