Japanese trader moves HQ to 450 Lexington.
In one of the largest deals this year involving the U.S. headquarters of a major international firm, Marubeni Marubeni Corporation (丸紅株式会社 Marubeni Kabushiki-gaisha America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Corporation will be relocating its U.S. Headquarters from the Pan Am Building, where it had been for 30 years, to 450 Lexington Lexington.
1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. Avenue.
The Japanese trading company, one of the four largest in the world, has taken 84,461 square feet in a lease negotiated by Jeffrey A. Landers, president of Landers Commercial Real Estate, who was the sole broker in the transaction. Alice C. Early and Jeffrey Spiritos of 450 Lexington Venture, L.P., negotiated on behalf of the ownership.
The 15-year lease encompasses the entire 34th, 35th, and 36th floors of 450 Lexington, the new 40-story tower completed this year by the Gerald D. Hines Gerald D. Hines is a Houston-based real estate developer and founder of Hines Interests that has developed over 205 million square feet in more than 650 properties worldwide, including skyscrapers, corporate headquarters, mixed-use centers, industrial parks, and master-planned Interests and Sterling Equities at 45th and Lexington. Marubeni will be the second largest tenant in the building.
For Marubeni, the move is particularly significant, Landers said.