Jones Lang LaSalle secures 98,913 s/f lease extension for Beth Israel at Google Building in New York

November 25, 2013 - Front Section

111 Eighth Avenue - New York, NY

Jones Lang LaSalle recently represented Beth Israel Medical Center in a transaction at 111 Eighth Avenue, the Google Building. The hospital signed a 15-year lease extension for 98,913 s/f of space at the class A, 2.9 million-square-foot commercial office building owned by Google Inc.
The tenant, Beth Israel Medical Center, was represented by JLL's Robert Martin, vice chairman, and Barbara Winter, executive vice president. Owner Google, was represented by Matthew Weir, vice president, with Taconic Investment Partners, along with Kenneth Rapp, vice chairman; David Hollander, executive vice president; and Doug Lehman, first vice president, with CBRE Inc.
"We worked closely with Beth Israel Medical Center to keep its outpatient cancer care facility at the Google Building," said Martin. "The property remains an ideal location, featuring a private street entrance for the health-care provider, along with above-standard electricity and emergency back up power, tenant controlled HVAC and high ceilings. The Google Building allows Beth Israel to offer a caring, comfortable environment for its patients, and a facility that supports the work of Beth Israel's doctors and medical care providers."
Beth Israel occupies a portion of the ground floor at 111 Eighth Avenue, which is located between West 15th and West 16th streets in Manhattan's Chelsea district. The health-care provider operates the Beth Israel Comprehensive Cancer Center - West Campus, an outpatient cancer care facility, on the ground floor of the 16-story office building.

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