Robert Khodadadian – Commercial Observer

An insurance company will be rotating on a new axis just a couple of blocks south on Avenue of the Americas, Commercial Observer has learned.

Axis Insurancehas signed a 40,240-square-foot lease at1166 Avenue of the Americas to relocate from its current digs at1211 Avenue of the Americas, according to landlord broker JLL, which did not disclose the terms of the deal.

The firm will move to the entire 17th floor of 1166 Avenue of the Americas — where Edward J. Minskoff Equities holds the condominium interest across the second through 21st floors — in the fourth quarter of 2023. The building takes up the full block between West 45th and 46th streets.

“[Minskoff Equities’] ongoing investment in 1166 Avenue of the Americas and its commitment to the tenant experience has positioned the property as one of Midtown’s premier office destinations,” JLL’s Paul Glickman said in a statement. Glickman brokered the deal for the landlord alongside Diana Biasotti, Cynthia Wasserberger and Christine Colley.

Michael Monahan, Mark Ravesloot and Michael Poch of CBRE represented Axis Insurance. CBRE did not immediately respond to a request for comment.

Some of the improvements made to Minskoff Equities’ sections of the Skidmore, Owings and Merrill-designed building from 1975 include a new conference center, an art experience and renovated floor plates, according to JLL.

Other tenants leasing Minskoff Equities’ condominium space in the building include Sprint T-Mobile Communications, financial services firm Janney Montgomery Scott and firm Cross Lake Partners.

Mark Hallum can be reached at

Axis Insurance signed a 40,240-square-foot lease at 1166 Avenue of the Americas to relocate from its digs at 1211 Avenue of the Americas.Read MoreChannel, Leases, Office, 1166 Avenue of the Americas, 1211 Avenue of the Americas, Axis Insurance, CBRE, Edward J. Minskoff Equities, JLL  Commercial Observer Read More 

Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.

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