Everest Group Relocating to Three Full floors at The Durst Organization's 1155 Avenue of the Americas

New York, NY (April 15, 2024) – The Durst Organization today announced that Everest Group, Ltd. (Everest – NYSE: EG) is moving the company’s New York City offices to 1155 Avenue of the Americas. Everest’s lease totals 66,444 square feet across the building’s 7th, 8th, and 9th floors, as well as exclusive access to a 6,000-square-foot outdoor terrace on the 7th floor.

Everest is a global underwriting leader providing property, casualty, and specialty reinsurance and insurance solutions. With this 15-year lease, 1155 Avenue of the Americas has gone from 53% leased in 2019 to 93% leased today. The momentum is driven by a $130 million transformation that enhanced nearly every aspect of the property.

“The Durst Organization invested in a large-scale renovation of 1155 Avenue of the Americas to create a highly efficient and desirable workplace, and to attract the next generation of best-in-class tenants. We look forward to welcoming Everest Group to the building,” said Jody Durst, President of The Durst Organization.

“Everest’s newest flagship location, a modern, state-of-the-art NYC facility, reflects the world-class, global Company we are today, and reinforces our commitment to one of the world’s most dynamic economic centers,” said Juan C. Andrade, Everest President and CEO. “As we continue to expand our business, we are investing in collaborative, vibrant work environments that mirror our brand and ‘One Everest’ culture, supporting our top-tier talent, clients and partners, well into the future.”

1155 Avenue of the Americas, a 42-story trophy office tower in Midtown, stands prominently on the western blockfront of Avenue of the Americas between 44th and 45th Streets. The Durst Organization completed a $130 million transformation at the property with significant architectural enhancements including a unique landscaped entry plaza on West 44th Street, a dramatic, award-winning light-filled lobby with reception desks clad in distinctive back-lit sea glass, turnstile security access, destination dispatch elevator controls, newly appointed elevator cabs, and luminous chamfered corners featuring 9-foot-tall windows on all four corners of the tower floors.

As part of the overall building renovation, Durst saw an opportunity to convert the 7th floor building setback, a previously unoccupiable space, into a unique outdoor experience. The creation of the terrace involved substantial speculative investments, including structural reinforcement and design work. The 6,000-square-foot terrace transformed the 7th floor into a highly sought after offering that provides views of downtown, Bryant Park, Central Park, and iconic New York City events such as the Macy’s Thanksgiving Day Parade.

1155 has become a destination for high-quality fast casual retailers, including Gumption Coffee, the award-winning specialty coffee roasters from Australia, Dill & Parsley, which serves fresh Mediterranean meals, and Springbone Kitchen, which celebrated a grand opening on April 2nd and is known for bone broth and healthy offerings.

Office tenants include Global Relay, which recently leased the top five floors of the building, IMA New York, which is opening the company’s first New York City office at the tower, as well as Perkins Coie, Jenner & Block, Baird, Cornell University, and Verizon. The Durst Organization will also be moving the company’s corporate office to newly renovated space at 1155 this spring.

1155 Avenue of the Americas was the first building in New York City to launch thermal ice storage to cool the building, the first to receive the Existing Buildings Operations Maintenance (EBOM) LEED Gold rating, and the first building where Durst launched the Durst Office app experience for tenants.

The Durst Organization was represented in house by Tom Bow, Rocco Romeo, and Nora Caliban. Eric Deutsch and Jared Freede of CBRE represented Everest.

About the Durst Organization

The Durst Organization, founded in 1915 by Joseph and Rose Durst, is the owner, manager, and builder of 13 million square feet of premier Manhattan office towers and over three million square feet of residential rental properties, with 3,400 rental apartments built and several thousand units in the pipeline. The Durst Organization is recognized as a world leader in the development of high-performance and environmentally advanced commercial and residential buildings where people live, work, and thrive. www.durst.org.

About Everest Group, Ltd.

Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.