Plaza Construction Corp. Relocates Headquarters
New York, NY – June 18, 2011 – Plaza Construction, one of the nation’s leading construction management firms, ranked eighth largest in the New York City region, is relocating its national headquarters to 1065 Avenue of the Americas.
The Company signed at 12-year+ lease to occupy the entire seventh floor of the 35-story, 681,790-square-foot tower at West 40th Street owned by The Blackstone Group, and plans a move-in date next month on July 18th. Plaza is currently located at 260 Madison Avenue.
“We are very excited about moving to 1065 Avenue of the Americas, an iconic building only a few blocks west of our current headquarters,” said Richard Wood, President of Plaza Construction who added that one of Plaza’s priorities was to remain in Midtown. “We also wanted to occupy a building with floor plates conducive to an open plan design in order to facilitate collaboration, since we will be merging our estimating and core and shell groups to achieve better operating efficiencies.”
Plaza’s interiors division worked closely with HOK Architects on the interior design of the new space, while Cosentini Associates served as consulting engineer.
Among the current tenants at 1065 Avenue of the Americas are: HOK Architects, which occupies the entire sixth floor of the building just beneath Plaza; Federal Express Corp., Yahoo, Transit Center, The Bryant Park Corporation, Volt and Chelsea Improvement Co.
Newmark Knight Frank’s Paul and Michael Ippolito represented Plaza in the negotiations, while Newmark Knight Frank’s Lance Korman acted on behalf of the landlord. David Brooks, Esq. of Paul Hastings represented the tenant, and Stuart Kaplan, Esq. of Blank Rome acted on behalf of Blackstone.
About Plaza Construction
Established in 1986, and headquartered in New York City, Plaza Construction www.plazaconstruction.com provides construction management, general contracting, and project consulting services nationally with offices located in Los Angeles, Miami, Houston, Washington DC and Newark, NJ. Consistently ranked by Engineering News Record as one of the nation’s leading construction management companies, Plaza was ranked by Crain’s New York Business as the eighth largest contractor in New York City in 2011. As an industry leader in sustainability, Plaza has executed more than $2.3 billion of LEED rated projects, and in the past five years, the Company’s revenues have averaged almost $1 billion annually.