1301 Avenue of the Americas

Office skyscraper in Manhattan, New York Chrysler Building East, also sometimes called the Calyon (Credit Lyonnais) Building September 2025 August 2019 1301 Avenue of the Americas Crédit Lyonnais Building J.C. Penney Building Crédit Agricole CIB Building 1301 Avenue of the Americas (55284018995).jpg 250px 1301 Sixth AvenueNew York, NY 10019, U.S. yes 40.761983 -73.979841 dms inline,title 1964 Office 609 ft m on 566 ft m 45 1,748,597 ft2 m2 on Shreve, Lamb & Harmon Paramount Group 1301 Avenue of the Americas (also known as the Crédit Agricole CIB Building, formerly the Crédit Lyonnais Building and the J.C. Penney Building) is a 609 ft (186m) tall skyscraper in Manhattan, New York City. It is located on the west side of Sixth Avenue (Avenue of the Americas) between 52nd and 53rd Streets. History The building was developed by Uris Buildings Corporationhttp://www.emporis.com/application/?nav=company&lng=3&id=103168 Uris Brothers | Companies Emporis 2022-05-02 usurped https://web.archive.org/web/20121025212602/http://www.emporis.com/company/uris-brothers-new-york-city-ny-usa October 25, 2012 and was completed in 1964 and has 45 floors. Uris purchased the 68,000 ft2 m2 parcel on the west side of the Avenue of the Americas from the Astor trust for $9 million in January 1964 (equivalent to $US-GDP 9 1964 0 million in US-GDP).https://www.nytimes.com/1964/01/07/archives/astor-trusts-sell-6th-ave-site-to-uris.html ASTOR TRUSTS SELL 6TH AVE. SITE TO URIS January 7, 1964 New York Times Shreve, Lamb & Harmon Associates designed the building, which is the 123rd tallest in New York City. JCPenney was the initial anchor tenant, occupying over 800,000 ft2 m2 of space across 33 floors after moving from 330–348 West 34th Street.https://www.nytimes.com/1964/05/27/archives/penney-sells-building-on-34th-st-to-kratter.html Penney Sells Building On 34th St. to Kratter May 27, 1964 New York Times By 1974, the company occupied over 1.18 e6sqft m2 of the building.https://www.nytimes.com/1974/09/08/archives/foreclosed-building-now-95-rented-news-of-the-realty-trade-park-ave.html News of the Realty Trade September 8, 1974 New York Times JCPenney purchased the building for $55 million in 1977 (equivalent to $US-GDP 55 1977 0 million in US-GDP) to serve as its new headquarters.https://www.nytimes.com/1988/03/01/nyregion/penney-to-sell-its-midtown-skyscraper.html Penney to Sell Its Midtown Skyscraper Berg Eric March 1, 1988 New York Times By 1978, JCPenney had moved over 5,000 employees into the building.https://www.nytimes.com/1978/08/08/archives/sears-to-cut-new-york-buying-unit-not-a-reflection-on-costs.html Sears to Cut New York Buying Unit August 8, 1978 Ettore Barbara New York Times However, in 1988 JCPenney announced its intentions to move their headquarters to Dallas, leaving the building empty and up for sale. In May 1988, Tishman Speyer and Trammell Crow Company bought the empty tower at auction for $353 million (equivalent to $US-GDP 353 1988 -1 million in US-GDP) and began an ambitious renovation.https://www.nytimes.com/1990/08/19/realestate/commercial-property-old-jc-penney-building-new-name-new-owners-new-tenants-new.html Commercial Property: The Old J.C. Penney Building; New Name, New Owners, New Tenants, New Image Dunlap David August 19, 1990 New York Times The companies brought on a consortium of pension funds as equity partners and received a $600 million loan from the Japanese Sanwa Bank. The new owners embarked on a renovation plan designed by Skidmore, Owings & Merrill that involved asbestos removal, a new color scheme for the facade, the expansion and redesign of the lobby and the creation of a new plaza with new paving, seating, plants and sculpture.https://www.nytimes.com/1989/04/12/business/real-estate-former-home-of-jc-penney-is-renovated.html Real Estate; Former Home Of J.C. Penney Is Renovated April 12, 1989 Kennedy Shawn New York Times It is named for the Calyon Corporation which resulted from the merger of Crédit Agricole Indosuez and the corporate and investment banking division of the Crédit Lyonnais corporation as a result of the takeover of the latest by Crédit Agricole S.A. in 2002. Calyon was since renamed Credit Agricole Corporate and Investment Bank in 2010. It used to serve as the headquarters of PricewaterhouseCoopers before they moved to 300 Madison Avenue. It is now Credit Agricole CIB's US headquarters. In October 2016, Paramount Group received $850 million to refinance the building from AXA Equitable Holdings, MetLife and New York Life Insurance Company.October 11, 2016 https://www.businesswire.com/news/home/20161011006532/en/Paramount-Completes-850-Million-Financing-1301-Avenue Paramount Completes $850 Million Financing of 1301 Avenue of the Americas dead https://web.archive.org/web/20161012153209/https://www.businesswire.com/news/home/20161011006532/en/Paramount-Completes-850-Million-Financing-1301-Avenue October 12, 2016 Paramount refinanced the building in August 2025 with a $900 million loan.Russo Anthony Paramount Group Lands $900M Refi for Manhattan Class A Office Amid Flurry of Leases GlobeSt 2025-08-07 https://www.globest.com/2025/08/07/paramount-group-lands-900m-refi-for-manhattan-class-a-office-amid-flurry-of-leases/ 2025-08-15Paramount Group Completes $900M Refi of 1301 Ave. of the Americas Connect CRE 2025-08-08 https://www.connectcre.com/stories/paramount-group-completes-900m-refi-of-1301-ave-of-the-americas/ 2025-08-15 Tenants The building's other tenants include public accounting firm CohnReznick, the law firms Arent Fox Schiff LLP, O'Melveny & Myers LLP, Foley Hoag LLP, Norton Rose Fulbright, and Wilson Sonsini Goodrich & Rosati, as well as Barclays. At one time RJR Nabisco had its headquarters in the building."Investor Information 1997 Annual Report." RJR Nabisco. February 2, 1999. Retrieved on December 2, 1999. "Corporate Offices: RJR Nabisco, Inc. 1301 Avenue of the Americas New York, NY 10019" After RJR Nabisco was separated, Nabisco Group Holdings Corp. had its headquarters in Calyon."Shareholder Services." Nabisco Group Holdings. February 8, 1999. Retrieved on December 2, 2011. "Corporate Offices: Nabisco Group Holdings Corp. 1301 Avenue of the Americas New York, NY 10019" The Calyon Building offices were featured in the 1991 film Delirious starring John Candy and the 2007 film Michael Clayton starring George Clooney.https://www.abajournal.com/news/george_clooney_at_dewey_ballantine Latest News - ABA Journal www.abajournal.com Feb 2, 2021 See also New York City Architecture List of tallest buildings in New York City References External links https://www.1301aoa.com/ Emporis Skyscraperpage Category:Skyscraper office buildings in Manhattan Category:Midtown Manhattan Category:Sixth Avenue Category:Office buildings completed in 1964 Category:1964 establishments in New York City