Recent Growth Spurs Firms Need for New Office
October 25, 2023
NEW YORK CITY –Transwestern Real Estate Services (TRS) announces that it brokered the headquarters lease for Republic Capital Group at 50 Rockefeller Plaza. Lauren Davidson, Senior Vice President at Transwestern, represented the leading investment bank in the lease, with in-house representation from Tishman Speyer.
“We experienced significant growth during 2022, a year during which Republic Capital was the most active investment bank in its industry for wealth management,” said John Langston, Managing Partner of Republic Capital. “We decided to look for new office space that would allow us to better support our valued clients in an environment consistent with our profile in the market. Although we had multiple cities to choose from, we determined early on that the firm would commit to New York City for its headquarters location.”
Republic Capital is scheduled to move its growing 11-person team to its new 2,800-square-foot, 12th-floor office in the third quarter of 2023. Built in the 1930s, the 16-story 50 Rockefeller Plaza is an Art Deco-style structure formerly known as the Associated Press Building that for decades housed that news agency’s headquarters. A distinctive part of the building is the façade’s 10-ton stainless steel sculpture by artist Isamu Noguchi titled “News” and located at the main entrance as a tribute to journalism. As part of its dedicated focus on hospitality, Tishman Speyer commissioned renowned design firm Studio Mellone to redesign the building’s lobby, which was recently completed. Radio Park—a new green space on the roof of the building—opened in fall 2021, fulfilling the vision of the original architects.
As a new customer, all Republic Capital employees have access to ZO, Tishman Speyer’s comprehensive suite of amenities and services, including fitness programming, for tenants in its buildings worldwide.
“Republic Capital was attracted to Rockefeller Center for its great location and top-tier amenities, as well as how the building reflects the image the firm has established,” said Davidson. “The lease is indicative of the increasing demand in Midtown for high-quality, pre-designed suites.”
“We’re delighted to welcome Republic Capital to Rockefeller Center,” said EB Kelly, Senior Managing Director at Tishman Speyer and Head of Rockefeller Center. “Establishing an office at 50 Rockefeller Plaza ensures that the Republic Capital team will be in the heart of the city, with the celebrated dining, retail, and entertainment you can only find at the Center.”
About Republic Capital Group
Like other bankers, we help clients with liquidity options, succession plans, and capital raises. Unlike others, we focus on cultural fit and transaction structure as critical elements of successful transactions. As such, we partner best with clients that value the agility, personalized service, and highly specialized expertise of a boutique, free of the conflicts and diluted attention inevitable at large firms. For more information, please visit www.republiccapgroup.com
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator, and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.