Lloyd’s Moving To Swank MOMA Office Tower

NU Online News Service, Jan. 18, 11:40 a.m. EST?Lloyd’s insurance market is moving its New York City headquarters to the Museum of Modern Art’s new office tower, the leasing agent company for the property announced.[@@]

CB Richard Ellis said Lloyd’s would be occupying 5,000 square feet on the 14th floor of the building designed by well-known architect Yoshio Taniguchi.

A spokesperson for CBRE said the asking price for space in the building was “about $64 a square foot.” Lloyd’s said it was not revealing the actual terms.

CBRE said the boutique office tower has its own entrance for office tenants and is located within the recently opened office building next to the museum at 25 West 53rd St.

MoMA occupies the base floors of the building. CBRE said that Lloyd’s, formerly housed at 590 Fifth Ave., selected the museum office building because of its midtown location and prestigious image.

“Mary Ann Tighe, who represented the MoMA in the transaction, said, “The space is unique with floor-to-ceiling windows, a northern exposure with exceptional views, very fitting for the image that both tenants wanted to convey.”

Wendy Baker, president of Lloyd’s America, said, “As one of the world’s leading insurers of fine art, it is fitting for Lloyd’s U.S. headquarters to be based in the home of one of the world’s foremost museums of modern art. We are privileged to have our name associated with MoMA, a lovely place for my guests and me to spend a lunch hour.”