Silvercrest and i80 Group Signed Office Leases

Two financial firms have committed to new office spaces at 1345 Avenue of the Americas in Midtown Manhattan.

Updated on Oct. 1, 2026 in Commercial

Silvercrest and i80 Group Signed Office Leases

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Silvercrest Asset Management and i80 Group have signed new lease agreements at 1345 Avenue of the Americas. Both firms plan to move from their current locations at 1330 Avenue of the Americas by mid-2027.

Why it matters

These moves underscore shifting tenancy patterns within major Midtown office towers. The activity highlights ongoing corporate movement between premier office buildings in the Manhattan market.

Silvercrest secured a 15-year lease for 41,000 square feet, while i80 Group signed a 10-year term for 17,000 square feet. Midtown office asking rents averaged $86.18 per square foot during the second quarter of 2026.

The players

Silvercrest Asset Management

This is an investment firm that provides asset management services to high-net-worth individuals and institutional investors.

i80 Group

This is a private investment firm that specializes in providing capital solutions to growth-stage companies.

Paul, Weiss, Rifkind, Wharton & Garrison

This is a prominent international law firm known for its work in litigation and corporate transactions.

Ellenoff Grossman & Schole

This is a law firm that focuses on corporate, securities, and business transactional services.

CBRE

This is a global commercial real estate services and investment firm that provides brokerage and consulting support.

The details

Negotiations for the landlord were managed by Clark Briffel and Jason Vengilio alongside a CBRE team, while Silvio Petriello and Hugh McDonald represented the tenants. The new tenants join existing occupants like Paul, Weiss, Rifkind, Wharton & Garrison and Ellenoff Grossman & Schole.

January 2025: Ellenoff Grossman & Schole expanded their footprint to 59,600 square feet.
July 2025: Paul, Weiss increased their office space to 849,672 square feet.
Q2 2026: The Midtown average office asking rent reached $86.18 per square foot.
Mid-2027: Silvercrest and i80 Group are scheduled to complete their office relocations.

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Culture Shift

These relocations reflect the ongoing flight to quality and stability within Manhattan office submarkets. The leasing activity follows the market benchmark set by the Q2 2026 average office asking rent.

For tenants at the building, these moves may signal changes in building traffic as the new firms complete their build-outs. Future commercial real estate decisions in the area will likely be influenced by the ongoing shift in occupancy rates.

The takeaway

Commercial tenants in major cities are increasingly prioritizing long-term lease structures to secure space in high-profile buildings. Businesses should monitor regional rent fluctuations to identify optimal windows for relocation.