Global insurance and investment company Starr is growing its presence in New York City with a newly signed lease at 1177 Sixth Avenue, a property owned by Silverstein Properties. The new lease encompasses 49,264 square feet and marks a significant expansion for the firm.
The move demonstrates Starr’s continued investment in and commitment to New York City’s commercial real estate market. The firm will continue to operate out of its current location at 399 Park Avenue, suggesting that the new space at 1177 Sixth Avenue will serve as an additional office rather than a relocation.
Located in Midtown Manhattan, 1177 Sixth Avenue has seen strong leasing activity in recent years and is valued for its convenient location and modern amenities. Starr’s expansion into the building highlights the firm’s growth trajectory and confidence in the city’s business climate.
The details regarding which divisions of Starr will occupy the new space have not been publicly disclosed. However, industry analysts note that the lease aligns with a trend of financial and insurance firms expanding their office footprints in key urban markets as hybrid work models stabilize.
Silverstein Properties, a major player in the New York real estate scene, continues to attract prominent tenants despite shifting market dynamics. The lease by Starr adds to a roster of high-profile tenants at 1177 Sixth Avenue, reinforcing the building’s status as a premier office location in Midtown Manhattan.
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