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57,000sf Rockefeller Plaza lease.


In a sign that the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 economy could be improving, a new start-up company--Quanta US Holdings Inc., a subsidiary of Quanta quan·ta  
n.
Plural of quantum.
 Capital Holdings Ltd, a Bermuda holding company--has just committed to a 57,000-square foot lease directly above Studio 1A (home of "The Today Show") at 10 Rockefeller Plaza. Quanta US Holdings Inc. offers specialty lines of insurance and re-insurance.

CB Richard Ellis' Richard Bernstein, Executive Vice President, and Cushman & Wakefield's Joshua Kuriloff, executive vice president, collaborated to negotiate the 15-year deal for the entire third floor in the building, while Calvin Farley and Blythe Kinsler negotiated on behalf of the landlord, Tishman Speyer Properties Tishman Speyer Properties is a leading real estate building and operating company set up in 1978 by two founding partners, Jerry Speyer and Robert Tishman. Overview  LLP LLP - Lower Layer Protocol .

"This is an exciting deal for New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, indicating growth in the insurance sector, even during these economically challenging times," said Mr. Bernstein, who added that the space was ideal for Quanta and had many amenities, including landscaped terraces, multiple conference rooms, a cafe, and raised flooring, which allows tremendous flexibility.

"Our client was very keen to have built, furnished and wired space that was ready for immediate occupancy," Mr. Kuriloff said. "This is one of those rare occasions where a major corporation could move in to plug-and-go space and be up and running in less than 30 days." According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Michael J. Murphy, Deputy Chain-nan and CO0 of Quanta Capital Holdings Ltd, the Bermuda parent, "We are thrilled to launch our US subsidiary in the heart of New York City at such a special landmark as Rockefeller Center. Our business is expanding, we need to be in Midtown close to our clients and 10 Rockefeller Plaza accommodates us now as well as provides for future expansion."

Quanta moved in to the 17-floor 356,972 office building in October.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 5, 2003
Words:287
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