Thursday, June 01, 2006

Jones Lang LaSalle

The Capital Group

Another week, another big Midtown renewal and expansion. The Capital Group Companies re-upped for 85,175 square feet at 45 Rockefeller Plaza, or 630 Fifth Ave. The deal includes 18,147 feet of expansion.

CB Richard Ellis's Kenneth Rapp represented Capital Group, a consortium of investment management firms that also includes mutual fund giant American Funds. Landlord Tishman Speyer was self-repped by Ted Koltis and Peter Brindley.

Capital Group, which is on floors 34-36, is taking the extra space on the 31st floor. Terms were not available, but asking rents on many floors are in the high $60s.