AIG to Relocate Global Headquarters to Rockefeller Center in 2021
Real Estate In-Depth | July 2020
NEW YORK—American International Group, Inc. announced on July 21 that it will relocate its global headquarters in New York City to 1271 Avenue of the Americas, where it will occupy eight floors totaling 325,000 square feet.
The firm also reported it will consolidate its remaining New York City area footprint into approximately 450,000 square feet divided between two new locations at 28 Liberty St. in Manhattan and 30 Hudson St. in Jersey City, NJ. The company, which is currently headquartered at 175 Water St. in Manhattan, plans to move into the three new offices in 2021.
“New York City has played an important part in AIG’s history and we are proud to be headquartered in this unique and resilient city,” said Brian Duperreault, AIG’s Chief Executive Officer. “Our new Midtown headquarters building is in close proximity to many of our clients, distribution partners and other stakeholders. We take pride in our role as a responsible corporate citizen and remain committed to doing our part to help strengthen our New York City and Jersey City communities.”
“By optimizing and modernizing our New York City area real estate footprint, we will align our workplaces with the objectives of AIG 200, our global, multi-year effort to position AIG for the future,” added Peter Zaffino, AIG’s President and Global Chief Operating Officer. “We are designing offices in these three class A buildings that will allow our teams to work more effectively and collaboratively with high-quality infrastructure. Our people are our most important asset, and we remain committed to providing a safe and productive work environment while incorporating key learnings that have emerged while working remotely.”
1271 Avenue of the Americas is a premier, fully redeveloped 48-story office building located in Rockefeller Center. The 28 Liberty St. building is an iconic 60-story landmarked office building situated in the center of Lower Manhattan. 30 Hudson St. is a 40-story office tower located on the waterfront of Jersey City.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions.