1095 Avenue of the Americas is a skyscraper in the Midtown Manhattan neighborhood of

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

. It was constructed from 1971 to 1973 as headquarters of New York Telephone and has 41 floors. The building also served as the headquarters of NYNEX and

Bell Atlantic Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas i ...

. Kahn & Jacobs designed the tower, which is the 98th tallest building in the city. The original facade was said to be designed to resemble the relays which were commonly found inside telephones of the time.

History

From 2006 to 2007, the tower was upgraded from Class B+ to

Class A office space An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific d ...

for $260 million. The phone company moved its headquarters to

140 West Street The Verizon Building (also known as 100 Barclay, the Barclay–Vesey Building, and the New York Telephone Company Building) is an office and residential building at 140 West Street in Lower Manhattan, New York City. The 32-story building was d ...

in the early 2000s and sold off most of the Sixth Avenue building. Verizon retained a condominium interest in floors 6-12, where it maintained offices and a telephone exchange serving landlines in Midtown Manhattan. In 2013, the company moved its corporate headquarters back to 1095 Avenue of the Americas after selling the upper floors of the Verizon Building. In 2015,

Ivanhoé Cambridge Ivanhoé Cambridge Inc. is a Canadian real estate company based in Montreal, Quebec. With assets around the globe, its areas of activity are investment, development, asset management, operations and leasing. The company's real estate portfolio c ...

and Callahan Capital Properties purchased 1095 Avenue of the Americas from

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...

for $2.2 billion, the most expensive transaction involving a single office building in New York City since 2008. In August 2016, Real Summit Investment, a real estate investment subsidiary of the Hong Kong Monetary Authority’s Exchange Fund, paid $1.15 billion for a 49% stake in the building.

Tenants

In addition to Verizon, other major tenants as of late 2008 include insurance giant MetLife (whose name is outside above the entryway), law firm

Dechert Dechert LLP () is an American multinational law firm of more than 900 lawyers with practices in corporate and securities, complex litigation, finance and real estate, financial services, asset management, and private equity. In 2021, the firm ra ...

LLP, iStar Financial,

Lloyds Banking Group Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Ban ...

Instinet Instinet is an institutional, agency-model broker that also serves as the independent equity trading arm of its parent, Nomura Group. It executes trades for asset management firms, hedge funds, insurance companies, mutual funds and pension fund ...

, Standard Chartered USA, and Stifel. In 2013,

Whole Foods Market Whole Foods Market IP, Inc., a subsidiary of Amazon, is an upscale American multinational supermarket chain headquartered in Austin, Texas, which sells products free from hydrogenated fats and artificial colors, flavors, and preservatives. A US ...

finalized a deal to open a flagship location spread across the first and second floors of the building. The market opened its doors in January 2017. Pandora Jewelry, Tourneau, and Equinox Fitness also operate in the base of the building. ASICS abruptly vacated its space in October 2015 amid a legal battle with the company’s retail operator, less than a year after moving in. In 2016,

Salesforce Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, a ...

signed a deal to rename the building Salesforce Tower, and the San Francisco-based company plans to eventually occupy 5 floors. The first Salesforce employees in New York City to move to the new office arrived on Monday November 14, 2016. U.S. Bancorp signed a lease for in September 2016 and Apollo Global Management followed in July 2017 with a lease.

Lloyds Bank Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exte ...

leased approximately in January 2019, bringing the building to 96% occupancy.

References

External links

Emporis

Skyscraperpage
{{Bryant Park 42nd Street (Manhattan) Bryant Park buildings Ivanhoé Cambridge Leadership in Energy and Environmental Design basic silver certified buildings Office buildings completed in 1973 Sixth Avenue Skyscraper office buildings in Manhattan 1973 establishments in New York City