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Morgan Stanley adds 130,000 s/f to McGraw-Hill lease.

Rockefeller Group Development Corporation (RGDC), a subsidiary of The Rockefeller Group, announced today that Morgan Stanley, the largest investment bank in the United States, has agreed to lease more than 130,000 s/f of additional space at 1221 Avenue of the Americas, The McGraw-Hill Building.

The company has also renewed its lease on more than 178,000 s/f in the building. After the finalization of the deal, Morgan Stanley will lease more than 618,000 s/f of the total 2.7 million square feet available in the building, making the company the building's largest tenant. "We've very excited that Morgan Stanley has chosen to expand within The McGraw-Hill Building," said Jonathan D. Green, president and chief executive officer, Rockefeller Group Development Corporation.

"As building owner and manager, The Rockefeller Group is very proud of the amenities the building offers and we look forward to having Morgan Stanley as our tenant for many years to come."

The tenant was represented by Gary Greenspan, Mitchell J. Barnett, and Robert J. Brennan of Cushman & Wakefield. The McGraw-Hill Building's tenant roster includes the offices of The Rockefeller Group, as well as The McGraw-Hill Companies, Inc.; International Council of Shopping Centers; Societe Generale; Columbia House; XL Capital Assurance; Sonnenschein, Nath & Rosenthal; and Sirius Satellite Radio Inc.

"We are very proud of the how The McGraw-Hill Building has evolved over the years and is considered one of New York City's top Class A office spaces," said Alan L. Stein, senior vice president, Marketing and Leasing, Rockefeller Group Development Corporation. "From our newly upgraded lobby, elevators, HVAC, electrical, and telecommunications to other cost efficient operating systems, we believe the building can enhance virtually any company's working environment."

The McGraw-Hill Building provides direct access to the shops of the Rockefeller Center concourse and is just steps from Times Square. The building's on-site amenities include a 270-seat auditorium and conference center and the following retailers and restaurants: New York Sports Club; Cafe Metro; and Chipotle Mexican Grill.
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Publication:Real Estate Weekly
Date:Nov 15, 2006
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