Rockefeller Group International
Encyclopedia
The Rockefeller Group is a global private company based in New York City
, primarily involved in real estate operations in the United States. It is a majority owned owned subsidiary of Mitsubishi Estate Co. Ltd. For 70 years, the Group has initiated some of the biggest projects in commercial real estate in the US, beginning with the development of one of the world’s major complexes in Rockefeller Center
.
After building the original 6000000 square feet (557,418.2 m²), Art Deco
complex from 1931 into the 1940s (the company name was then the Metropolitan Square Corporation), employing nearly 75,000c workers, the real estate company developed several towers in the immediate vicinity from the late 1940s into the 1950s and '60s. It entered into a partnership with Time-Life
and constructed a 48-story building for the company that opened in 1959; this spearheaded the expansion of the Center to the west of 6th Avenue, Avenue of the Americas.
By the early 1970s, they had added a total of four International Style
towers to Rockefeller Center, more than doubling the size of the original complex.
In 2003, they formed a joint venture with CommonWealth Partners, LLC to manage large real estate properties in the United States.
Today, the Group maintains an ownership/management position in the 7700000 square feet (715,353.4 m²) of premier office space that makes up Rockefeller Center’s western corridor (the newer buildings). The eastern and original part of the Center is now owned by Tishman Speyer and the Lester Crown family of Chicago.
Rockefeller Group Business Centers. Offers full service office space in New York, San Jose and Coral Gables.
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, primarily involved in real estate operations in the United States. It is a majority owned owned subsidiary of Mitsubishi Estate Co. Ltd. For 70 years, the Group has initiated some of the biggest projects in commercial real estate in the US, beginning with the development of one of the world’s major complexes in Rockefeller Center
Rockefeller Center
Rockefeller Center is a complex of 19 commercial buildings covering between 48th and 51st streets in New York City, United States. Built by the Rockefeller family, it is located in the center of Midtown Manhattan, spanning the area between Fifth Avenue and Sixth Avenue. It was declared a National...
.
After building the original 6000000 square feet (557,418.2 m²), Art Deco
Art Deco
Art deco , or deco, is an eclectic artistic and design style that began in Paris in the 1920s and flourished internationally throughout the 1930s, into the World War II era. The style influenced all areas of design, including architecture and interior design, industrial design, fashion and...
complex from 1931 into the 1940s (the company name was then the Metropolitan Square Corporation), employing nearly 75,000c workers, the real estate company developed several towers in the immediate vicinity from the late 1940s into the 1950s and '60s. It entered into a partnership with Time-Life
Time-Life
Time–Life is a creator and direct marketer of books, music, video/DVD, and multimedia products. Its products are sold throughout North America, Europe, Australia, and Asia through television, print, retail, the Internet, telemarketing, and direct sales....
and constructed a 48-story building for the company that opened in 1959; this spearheaded the expansion of the Center to the west of 6th Avenue, Avenue of the Americas.
By the early 1970s, they had added a total of four International Style
International style (architecture)
The International style is a major architectural style that emerged in the 1920s and 1930s, the formative decades of Modern architecture. The term originated from the name of a book by Henry-Russell Hitchcock and Philip Johnson, The International Style...
towers to Rockefeller Center, more than doubling the size of the original complex.
In 2003, they formed a joint venture with CommonWealth Partners, LLC to manage large real estate properties in the United States.
Today, the Group maintains an ownership/management position in the 7700000 square feet (715,353.4 m²) of premier office space that makes up Rockefeller Center’s western corridor (the newer buildings). The eastern and original part of the Center is now owned by Tishman Speyer and the Lester Crown family of Chicago.
Buildings
- Constructed the 43-story Sperry-Rand Building at 1290 Avenue of the Americas, in participation with the Uris Building Corporation (1962).
- Purchased the 28-story Manufacturers Hanover Trust Company Building at 600 Fifth Avenue (1963).
- Participated with the Hilton Hotels Corporation to build the New York Hilton on the Avenue of the Americas (1963).
- Constructed the 1000000 square feet (92,903 m²) headquarters building for Public Service Electric & Gas in Newark, New Jersey (1970s).
- Co-developed in a joint venture with Continental Insurance Company, the Continental Center in Manhattan, which serves as that company's headquarters (1980s).
Subsidiary
- Rockefeller Center Management Corporation is responsible for marketing, leasing and management of the 18 buildings in midtown Manhattan that encompass Rockefeller Center.
Rockefeller Group Business Centers. Offers full service office space in New York, San Jose and Coral Gables.