Paramount Signs 121,000 Square Foot Lease at 1301 Avenue of the Americas

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05/01/2025 - 08:30 AM

NEW YORK--(BUSINESS WIRE)-- Paramount Group, Inc. (NYSE: PGRE) (鈥淧aramount鈥� or the 鈥淐ompany鈥�) announced today that it has signed a 121,000 square foot, 16.5 year lease with Benesch, Friedlander, Coplan & Aronoff LLP (鈥淏enesch鈥�) at 1301 Avenue of the Americas, a 1.8 million square-foot Class A office building, located between 52^nd and 53^rd Streets in Midtown Manhattan. Of the 121,000 square feet, approximately 30,000 square feet is short term.

鈥淲e are proud to welcome Benesch to 1301 Avenue of the Americas,鈥� said Douglas Neye, Senior Vice President. 鈥淭his significant commitment is a testament to the building鈥檚 many appealing attributes and another example of the New York office market鈥檚 resurgence. By joining our tenant roster, Benesch employees will benefit from the building鈥檚 central location and its amenity offerings, including membership to the Paramount Club. This members-only club, designed for tenants across our New York portfolio, remains a unique and valuable amenity in the market. With this agreement, 1301 Avenue of the Americas is 90% leased. We look forward to a long-term partnership with Benesch.鈥�

Designed by Skidmore, Owings & Merrill, 1301 Avenue of the Americas is a stunning 45-story office tower featuring over 1.8 million square feet of Class A office space. Additionally, the building provides direct access to Rockefeller Center, with its many upscale retail shops, fine dining establishments and subway connections. The building offers its tenants an abundance of natural light along with magnificent views of Central Park and other Midtown landmarks.

About Paramount Group, Inc.

Headquartered in New York City, is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.