Equitable, a principle franchise of Equitable Holdings, Inc. (NYSE: EQH), has signed a 15-year lease for its new corporate headquarters at 1345 Avenue of the Americas, in Midtown Manhattan, starting in 2024.
The company is gearing up for a post-pandemic world and is prioritizing their employees’ health and well-being in their workplace design.
“Our new headquarters presents us with a significant opportunity to reimagine the future of how we work and collaborate as we continue to serve clients for generations to come,” said Mark Pearson, CEO of Equitable.
The company’s new home is an International Style skyscraper owned by Fisher Brothers Management Co. and designed by acclaimed architect Emery Roth & Sons.
Empire State Development Acting Commissioner and President & CEO-designate Eric Gertler said, “I am glad that Equitable, which was founded in New York City over 160 years ago, has reaffirmed its long-term commitment to New York State.”
This isn’t the first time Equitable has embraced the latest technologies in its buildings in the city. The company called home the first office building with elevators from 1870 to 1912 and 1915 to 1924. The company moved temporarily from 120 Broadway due to a fire in January 1912.
This building featured a stained-glass window of Athena, the Greek goddess of courage, strength, and wisdom, which is also part of the organization’s logo. The window survived and can be seen near the 120 Broadway subway stop.
Equitable was established in NYC in 1859 as the Equitable Life Assurance Society of the United States. They now have 2.8 million clients that they help with their financial well-being. The company also has 2,000 employees and financial professionals located in Binghamton, Buffalo, Clifton Park, Long Island, New York City, Rochester and Syracuse.