Printer Friendly

SunAmerica Life moves to 733 Third Avenue.

SunAmerica Life moves to 733 Third Avenue

In an effort to house, under one roof, three of its subsidiaries -- SunAmerica Asset Management, Royal Alliance Associates, and First SunAmerica Life Insurance Company -- Los Angeles-based SunAmerica Life Insurance Company has signed a long-term lease valued at approximately $15 million at 733 Third Avenue in New York City.

The national commercial real estate firm of Julien J. Studley, Inc. represented SunAmerica Life Insurance Company in its lease negotiations. Members of the Studley team were Howard Sadowsky, executive vice president aad regional manager, West Coast operations; Ira Schuman, senior vice president and co-branch manager, midtown New York office; and L. Craig Lemle and Kurt Handschumacher, managing directors in the midtown New York office.

Terms of the transaction commit these subsidiaries to occupy new office space on the entire third and fourth floors of the building for a total of approximately 55,000 square feet. In addition, the building will be named for "SunAmerica," the umbrella marketing name for the life insurance subsidiaries of Broad Inc., the parent company.

Broad Inc. is a financial services company containing life insurance subsidiaries which specialize in selling annuities and tax-deferred, long-term savings products for the pre-retirement market.

The Durst Organization is the owner of the Third Avenue building, a premier, 24th floor office tower totaling 350,000 square feet.

First SunAmerica is relocating from 505 Park Ave., while Royal Alliance and SunAmerica Asset Management are moving from 10 Union Square, with occupancy slated for the late Fall of 1991.
COPYRIGHT 1991 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Date:Aug 28, 1991
Previous Article:NACORE contest seeks top corporate realtor.
Next Article:Met Life reaches accord with DHCR on windows.

Related Articles
Older buildings with low rent now renovating.
Availability up in Midtown South.
Durst Org. signs 10 leases in January.
Douglas Durst: signs of recovery evident.
Eli Broad.
Brokerage leases space.
Durst renegotiates complex 'restacking'.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters