In a positive sign for the Midtown office market, Daiwa Capital Markets America Inc. (DCMA) and Mitsui Fudosan America (MFA) announced that financial services company DCMA has signed a 20-year lease for 44,100 square feet spanning the 49th floor of 1251 Avenue of the Americas. DCMA will relocate its New York headquarters from the Financial District.
“We are excited to mark our 60th anniversary as a registered broker-dealer in the U.S. in 2025 with a relocation to a new state-of-the-art office space in the heart of Midtown,” said DCMA Chairman and CEO Keiji Machida. “This investment is part of our commitment to providing our clients with the best possible service, and I am confident that it will help us achieve even greater success in the years to come.”
The design of DCMA’s new U.S. headquarters promotes collaboration and in-person relationship building to maximize the benefits of hybrid work. DCMA will introduce a hoteling concept into the design along with high-tech, user-friendly solutions so employees can work seamlessly in both the office and virtual environments. The new office design will demonstrate DCMA’s commitment to sustainability by integrating energy-efficient features, and to promoting health and well-being through the pursuit of Well Certification.
“We’ve had a unique opportunity over the past few years to study how our people work,” said DCMA CAO Brian McQuade. “The new office space is built on those findings, with a core focus on flexibility, collaboration space and state-of-the-art technology.”
MFA is currently wrapping up construction of a tenant-only conference facility at 1251 Avenue of the Americas. The freshly renovated lobby, complete with modern elevators, will feature three new restaurant offerings that are scheduled to open shortly.
Newmark’s David Falk and Peter Shimkin represented MFA. DCMA was represented by Savills’ Erik Schmall and Scott Weiss.
