-Asset management and investment executive to lead company’s NYC office portfolio
NEW YORK – April 2, 2024 – Rockefeller Group announced today that Marisa Gadlin has been named Senior Vice President, Head of Core Holdings. Ms. Gadlin, who joined Rockefeller Group in 2021, is based in the company’s headquarters at 1271 Avenue of the Americas.
In her new role, Ms. Gadlin will lead the company’s strategic initiatives, asset management, leasing and operations for its trophy New York office portfolio, which totals approximately six million square feet in Midtown Manhattan. The portfolio includes 1221 and 1271 Avenue of the Americas, two of the five buildings built in the modern expansion of Rockefeller Center to the west side of Sixth Avenue from 1959 through 2001, as well the property management of 745 Seventh Avenue where Rockefeller owns the land subject to a long-term ground lease. In her previous role, she led asset and facilities management for the Core Holdings portfolio.
“At a time when some are questioning the future of the office and the role of the CBD, our core Manhattan portfolio has consistently outperformed, maintaining nearly 100% occupancy and attracting some of the most compelling retail and restaurants in the city,” said Daniel J. Moore, Rockefeller Group’s President and Chief Executive Officer. “We are excited for Marisa’s leadership as we continue to deliver exceptional experiences for our tenants and create value for our partners, customers and community.”
Rockefeller Group’s New York office portfolio is 99.5 percent occupied. In 2023, the company completed a $50 million public plaza renovation at 1221 Avenue of the Americas, to enhance the retail offering and improve the tenant and visitor experience at the building. Earlier this year, the company completed a 20-year lease renewal with Del Frisco’s, cementing a 45-year commitment to 1221 Avenue of the Americas. The company expects several office floors to become available for lease beginning in 2025, which it has started marketing through Cushman & Wakefield.
“We’ve long benefited from forward thinking, and the current office environment calls for that approach more than ever,” said Ms. Gadlin. “I look forward to continuing to provide value to our tenants, through ongoing enhancements to the buildings and a keen focus on relationship management.”
Prior to joining Rockefeller Group, Ms. Gadlin was Vice President, Asset Management, for Paramount Group, responsible for the asset management of nine buildings in New York City and San Francisco totaling more than nine million square feet. Ms. Gadlin joined Paramount Group in their acquisitions department in 2006 and held various positions of increasing authority before transitioning to asset management in 2017. In 2014, she was involved in the coordination and organization of internal processes for the largest ever REIT IPO for Paramount Group, which raised upwards of $2.7 billion.
From 2004 to 2006, Ms. Gadlin worked for Tishman Speyer, a global investment management firm specializing in commercial real estate. Previously, she was an analyst at Rothschild in the mergers and acquisitions group.
Ms. Gadlin holds a bachelor’s degree in Economics from the Wharton School at the University of Pennsylvania.
* * *
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of industrial, office, multifamily and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com.
# # #