This Rock Group's anthem could be "We Built This City." Rockefeller Group International, founded as John D. Rockefeller, Jr.'s Metropolitan Square Corporation, spearheaded the development of Manhattan's Rockefeller Center during the Great Depression. Now operating as a subsidiary of Japan's Mitsubishi Estate, Rockefeller Group has developed some 40 million sq. ft. of commercial property. The firm controls the industrial conglomerate's US-based real estate interests and owns or manages most of Rockefeller Center's office space. Rockefeller Group's subsidiaries concentrate on developing commercial property, renting serviced office suites, and providing telecommunications services to office towers.
With offices in Arizona, California, Florida, Maryland, New Jersey, New York, and Washington, D.C., Rockefeller Group's reach extends far beyond prime Manhattan real estate.
Rockefeller Group boasts four subsidiaries.
Its primary subsidiary, Rockefeller Group Development Corp., develops, owns, and manages a wide range of commercial and industrial properties, including Rockefeller's landmark holdings, medical facilities, suburban business parks, and multi-use urban complexes.
The group's investment arm, Rockefeller Group Investment Management, handles such activities as raising equity funds, structuring partnerships, and investor relations.
Rockefeller Group Technology Solutions provides telecommunications and data services to commercial tenants; it got its start in the 1980s to serve tenants of Rockefeller Center, but today serves more than 500 clients in various locations.
Finally, Rockefeller Group Business Centers provides fully staffed and furnished offices for clients, including Time, Sirius XM, and HGTV; it has business centers in New York, California, and Miami.
The Rockefeller Group ranks as a leading global real estate firm with an interest in more than 7 million sq. ft. of class-A office property in major US markets, such as New York, San Francisco, and Washington, D.C. Since 2009 the firm has completed about 5 million sq. ft. of new commercial development across the US.
It maintains a diverse portfolio. In 2014, it has focused on a construction project with MeadWestvaco in South Carolina. The company is also re-developing a private office park into a mixed-use development situated near Park Avenue and Madison Avenue in New York.
In 2011 it acquired a pair of class-A office buildings in Washington, D.C., one of which is on K Street (of lobbying fame). Farther afield, Rockefeller has re-entered the European market. (It had exited the continent in 2006 when it sold its 70% stake of Cushman & Wakefield.) The company bought a majority stake in UK property fund Europa Capital, which has invested some $8.3 billion in about 20 European nations since its 1995 founding.