Tenants take 48,000 s/f at Paramount building.

Jones Lang LaSalle has completed two leases totaling 47,960 s/f for building owner Paramount Group at 1177 Avenue of the Americas, Americas Tower.

Reinsurance firm American Re-Insurance Co. signed for 23,980 s/f and electronic stock market firm Archipelago Holdings Inc. took 23,980 s/f at the 1 million-square-foot building.

The building owner was represented by Frank Doyle, managing director, Cynthia Wasserberger, senior vice president, and David Kleiner, vice president, of Jones Lang LaSalle's New York office.

The team worked with Paramount Group vice president Jim VanderVliet in negotiating the leases. American Re-Insurance was represented by Mitchell Barnett and Barry Zeller of Cushman & Wakefield Inc.

Archipelago Holdings was represented by Augustus Field and Jack Kennedy of Cushman & Wakefield.

"Americas Tower is one of the newest buildings on Sixth Avenue, featuring a state-of-the-art infrastructure," said Doyle. "This is a premier Midtown property, located near Grand Central Terminal, Times Square and Penn Station. The building's efficient floorplate works well for a diverse array of tenants."

American Re-Insurance Co. inked a 10-year lease for the entire 15th floor of the building, taking a total of 23,980 square feet. The reinsurance firm is relocating from 1350 Avenue of the Americas. Archipelago Holdings Inc. signed a 10-year lease for the entire 16th floor at 1177 Avenue of the Americas, occupying a total of 23,980 square feet. The electronic stock market is relocating from 65 Broadway.