Money manager takes top floor at former Exxon building

Real Estate Weekly, August 11, 1993

Moore Capital Management, Inc. will relocate its headquarters and trading operations center to 1251 Avenue of the Americas, formerly known as the Exxon Building.

Moore has agreed to lease the nearly 30,000 square-foot top floor that once served senior executives of Exxon, when that firm was headquartered in the Sixth Avenue building.

Charles Retz, executive managing director and Neil Goldmacher, senior director of the New York City-based Williams Real Estate Company, Inc. served as Moore's real estate advisors in this transaction.

The building, which comprises part of the world-famous Rockefeller Center, is currently owned by Mitsui Fudosan New York, Inc. Greg Sutherland, vice president of Mitsui, worked with Barry Gosin and Jesse Rubens of Newmark Real Estate Services in representing the building's owner. Greg Sutherland of Mitsui also represented that firm in the transaction. The term of the lease is 10 years.

The relocation from Tower 49 (12 East 49th Street) allows Moore to nearly double the amount of space it occupies.

Other tenants currently located in 1251 Avenue of the Americas (between 49th and 50th Streets) include the Bank of Tokyo and Morgan Stanley -- which has its headquarters in the building.