Mitsubishi moves to 655 Third Ave.Mitsubishi International Corporation, a wholly-owned subsidiary of Tokyo-based Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 , has signed a 96,700-square-foot lease for eighteen years at 655 Third Avenue, 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. The Durst Organization. MIC will have the option to rename the building. The company, which is relocating from 520 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. in Manhattan, will lease space on the second through fifth floors. MIC plans to occupy its new North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters in November. As a result of this transaction, MIC will become the largest tenant at 655 Third Avenue. "We are delighted that an important arm of one of the world's largest companies has chosen 655 Third Avenue as its new home," said Tom Bow, senior vice president of leasing at The Durst Organization. "It demonstrates, once again, that Third Avenue is becoming an increasingly popular alternative to Madison and Park Avenues for multinational corporations." Ichiro Ando, CFO See Chief Financial Officer. of Mitsubishi International Corporation, said, "After looking at a number of locations throughout the greater New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , we concluded that keeping our headquarters in Manhattan made the most sense. "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. remains the most vital and exciting business, financial and cultural center in the U.S. and has taken on new energy and life after September 11; we want to be a part of that. "With our new location our employees can benefit from closer proximity to Grand Central Station and Penn Station and at the same time they will have the advantage of an efficient and contiguous floorplan that encourages internal communication. "Relocating is never easy, but The Durst Organization has really worked with us to facilitate this process. We look forward to the upcoming move." The building at 655 Third Avenue is known as the TAMS building after engineering firm TAMS Consultants (formerly Tippets Abbett MacCarthy Stratten), which had been the largest single tenant at 655 Third Avenue since 1984. In April that firm, which was recently acquired by Earth Tech, relocated to One World Financial Center. Asking rents at 655 Third Avenue range from $39 to $44 per square foot. In addition to Mr. Bow, Eric Engelhardt, assistant vice president of leasing, represented The Durst Organization. Donal O'Brien and Tatsuru Kono of Cushman & Wakefield represented MIC. |
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