NEW YORK CITY — Global investment management firm AllianceBernstein LP (NYSE: AB) has opened its new office at The Spiral, a 66-story office tower in New York City’s Hudson Yards district. The office spans 189,000 square feet across four floors and houses two business lines for the tenant: AllianceBernstein and Bernstein Private Wealth Management.
Tishman Speyer delivered The Spiral last year at 66 Hudson Blvd. E, which is situated on the west side of Midtown Manhattan. The tower sits at the north end of the High Line trail and houses office, healthcare and retail locations for tenants including HSBC, New York-Presbyterian Hospital and Pfizer, among others.
AllianceBernstein’s new office features open floor plans, advanced technology, collaborative meeting and events spaces and outdoor terraces on every level.
“This transition marks a special moment for our firm,” says Onur Erzan, head of AB Global Client Group and Bernstein Private Wealth Management. “Our brand-new, state-of-the-art space in the heart of New York City presents significant opportunities to our clients and colleagues.”
AllianceBernstein struck the 20-year lease agreement with Tishman Speyer in 2019. The firm’s previous New York headquarters was located at the AllianceBernstein Building at 1345 Avenue of the Americas. The New York Post reported in 2018 that the tenant’s lease at the 50-story office building expires this year.
AllianceBernstein is maintaining its corporate headquarters in downtown Nashville, Tenn. The company has been in expansion mode in recent months, opening new offices in Dubai, India, London, Milan and Munich, according to Karl Sprules, chief operating officer of AllianceBernstein.
AllianceBernstein offers diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of Aug. 31, AllianceBernstein had $791 billion in assets under management.
The company’s stock price closed on Monday, Sept. 16 at $34.52 per share, up slightly from $32.31 a year ago.
— John Nelson