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CohnReznick LLP Will Relocate Headquarters to 1301 Avenue of the Americas, New York, NY


1/7/15

125,000 Square-Foot Multiyear Lease Creates Expanded, State-of-the-Art Work Space for the Top-10 Firm

(New York, NY) – CohnReznick LLP, the 10th largest accounting, tax, and advisory firm in the United States, announced today that it has signed a long-term lease for more than 125,000 square feet occupying the seventh and 10th floors at 1301 Avenue of the Americas. The new location represents a significant expansion and upgrade for the Firm’s national headquarters, which will feature state-of-the-art work spaces and collaborative meeting areas completely customized for the needs of the growing Firm. CohnReznick will move from its current 90,000 square-foot location at 1212 Avenue of the Americas in phases beginning at the end of 2015 with an expected completion by end of 2017. The new location will bring together 39 Partners and more than 300 employees to provide improved efficiencies and cross-functional team collaboration. 

1301 Avenue of the Americas is a Class A property owned and managed by Paramount Group, Inc. The building is Energy Star compliant and currently preparing for LEED certification. Designed by world-renowned architectural firm Skidmore, Owings & Merrill, the building is a stunning 45-story office tower featuring more than 1.7 million square feet of office space that includes approximately 30,000 square feet of ground floor and concourse level retail space. At the base of the building, tenants enjoy access to the 1301 Concourse and its connections to Rockefeller Center shopping, dining, and transportation.

“We have completely outgrown our current space, but love the neighborhood and were eager to stay,” said CohnReznick co-CEO, Tom Marino. “It was very important to us to find a first-class home in the area that accommodates our recent growth and better enables us to plan for future expansion.”

“In addition to gaining square footage, we will be updating the entire workspace with the latest in design technology,” added co-CEO, Ken Baggett. “This will be a place where our employees will be happy to work each day and proud to welcome clients as our national headquarters.”

The first phase of the move will take place at the end of 2015 when a portion of the New York team will move into the 63,211 square-foot seventh floor at 1301 Ave. of the Americas. The 62,668 square-foot, tenth-floor space will be occupied by the rest of the team by late 2017.

“We are very excited about how this new space will improve collaboration among our employees as they move from seven different floors to a two-floor workspace,” said CohnReznick’s New York Office Managing Partner, Steve Mayer. “It will also allow for greater flexibility in structuring client teams and foster stronger teaming between practice groups to continue to provide excellent service to our clients.”

CohnReznick was represented by CBRE in the transaction and the landlord was represented by Newmark Grubb Knight Frank.

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