Rockefeller Group
The Rockefeller Group is a leading real estate developer, owner and investor, known since the development of Rockefeller Center for pioneering large-scale urban mixed-use development. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective acquisition, management and development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets. The company combines the global perspective and market access of a sophisticated development and investment management platform, through its partnership with Tokyo-based Mitsubishi Estate Co. Ltd., and its strategic investments in independent property fund platforms in the United States and Europe.
After building the original 6,000,000-square-foot (560,000 m2), Art Deco complex from 1931 into the 1940s (the company name was then the Metropolitan Square Corporation), employing nearly 75,000 workers, the real estate company developed several towers in the immediate vicinity from the late 1940s into the 1950s and 1960s. It entered into a partnership with Time Inc. 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, it had added a total of four International Style towers to Rockefeller Center, more than doubling the size of the original complex.
Today, The Rockefeller Group maintains an ownership/management position in the 7,700,000 square feet (720,000 m2) of premier office space that makes up Rockefeller Center’s western corridor (the newer buildings located west of Sixth Avenue). The eastern and original part of the Center is now owned by Tishman Speyer (who also serves as manager) and the Lester Crown family of Chicago, Illinois.
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 1,000,000-square-foot (93,000 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 Group Business Centers. Offers full service office space in New York.
- Rockefeller Group Technology Solutions