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The firm, which took occupancy of its space at 10 Hudson Yards in 2016, entered into a 20-year lease for its space there as part of its sale-leaseback deal with Allianz.Guardian Life has hired Cushman & Wakefield’s Douglas Harmon and Adam Spies to market 7 Hanover Square, according to a report in the Commercial Observer.
Guardian Life Insurance Company of America has entered into a sublease to relocate its headquarters in New York’s Financial District into more than 148,000 square feet of subleased space at 10 Hudson Yards.The sublease deal with handbag retailer Coach Inc. was revealed in a Sept. 13th 8-K filing with the Securities and Exchange Commission by Coach.According to the SEC filing, Guardian Life Insurance has agreed to sublease three floors of Coach’s leased space consisting of approximately 148,319 square feet at 10 Hudson Yards. 10 Hudson Yards is home to Guardian Life Insurance Co., L'Oréal USA, Tapestry Inc., Broker. Disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, NY, or provided by Guardian. 10 Hudson Yards represents the next step towards the transformation of Manhattan’s West Side into New York’s next great neighborhood. Coach, Inc. is the anchor tenant. 10 Hudson Yards, also known as the South Tower, is an office building that was completed in 2016 in Manhattan's West Side.Located near Hell's Kitchen, Chelsea and the Penn Station area, the building is a part of the Hudson Yards urban renewal project, a plan to redevelop the Metropolitan Transportation Authority's West Side Yard. Guardian, GIAC, and PAS are located at 10 Hudson Yards, New York, NY 10001. The 52-story building is now owned by a limited partnership that includes Allianz, Related Companies, Oxford Properties Group and institutional investors advised by J.P. Morgan Asset Management.Coach reportedly paid $530 million for its 738,000-square-foot headquarters space in 2013. Guardian Life 10 Hudson Yards New York NY 10001. Hudson Yards is home to industry leaders across nearly every business sector. Guardian Life Insurance Inks 10 Hudson Yards Sublease With Coach Source: Commercial Observer. Submit a claim. Order Online Tickets Tickets See Availability Directions {{::location.tagLine.value.text}} Sponsored Topics. Guardian Life Insurance Co. of America has agreed to sublease more than 148,000 square feet of space from Coach Inc. at 10 Hudson Yards on Manhattan’s Far West Side, the luxury handbag retailer disclosed in a regulatory filing today.
(Related: Guardian Life to Relocate HQ to 10 Hudson Yards) Cushman & Wakefield’s Doug Harmon and Adam Spies brokered the 7 Hanover deal. Guardian Life’s headquarters is currently located at 7 Hanover Square in New York.Officials with Guardian Life could not be reached for comment at press time, however, the rent commencement date for the 10 Hudson Yards space is Feb. 1, The SEC filing further states that Guardian has agreed to pay monthly base rent to Coach of approximately $790,000 from March 1, and monthly base rent ranging from approximately $1.1 million to $1.3 million depending on the period from July 1, Another provision of the sublease is that Coach has agreed to reimburse Guardian for certain subtenant improvements in an amount equal to $80-per-rentable-square-foot, or approximately $11.9 million in the aggregate, subject to a deduction equal to $10.00 per rentable square foot, or approximately $1.5 million in the aggregate, for work previously performed by or on behalf of Coach.The ownership of 10 Hudson Yards, a partnership of Related Companies and Oxford Property Group closed on the $1.2-billion refinancing of 10 Hudson Yards in August 2016.
The firm, which took occupancy of its space at 10 Hudson Yards in 2016, entered into a 20-year lease for its space there as part of its sale-leaseback deal with Allianz.Guardian Life has hired Cushman & Wakefield’s Douglas Harmon and Adam Spies to market 7 Hanover Square, according to a report in the Commercial Observer.One implication is that clients may be hungrier for help with figuring out who's who.Primerica, AmeriLife, Securian, Centene and Anthem also have personnel news.The distributor is getting the contracts from Sentinel Security and Atlantic Coast Life.Everything is different, except for workers' need for help with out-of-pocket health care costs.Grow your annuities business with help from expert insight and analysis you can access all in one place - FREE.Start your mornings with essential life and health insurance news coverage, analysis and trends - FREE.Start your mornings with essential life and health insurance news coverage, analysis and trends - FREE.Grow your annuities business with help from expert insight and analysis you can access all in one place - FREE.Receive a roundup of the stories most impacting the life and health insurance industry each week - FREE.Receive a roundup of the stories most impacting the life and health insurance industry each week - FREE.Start your mornings with essential life and health insurance news coverage, analysis and trends - FREE.Get the latest best practices, relevant stats and industry trends - quickly and easily.Get do’s and don’ts to make sure your video conferences with clients, prospects, and your team stay productive and professional.Learn why some long/short equity funds may be able to profit from sector dispersion and provide opportunities for your investor clients.Avoid the mistakes some of your peers make, tailor your valuable advice to the needs of your female clients.Your article was successfully shared with the contacts you provided.
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