Glickman, Konsker, Astrachan, Riguardi and Fanuzzi of Jones Lang LaSalle represent landlord in 170,000 s/f office lease

Jones Lang LaSalle (JLL) has completed a new, direct lease for Edward J. Minskoff Equities Inc. with the New York Genome Center at 101 Avenue of the Americas. The non-profit organization signed a 20-year lease for 170,000 s/f of commercial office space at the class A, 428,624 s/f office tower. The building owner, Edward J. Minskoff Equities, was represented by Paul Glickman, Mitchell Konsker, and Matt Astrachan, vice chairmen; Peter Riguardi, president of JLL's New York tri-state office, and Jonathan Fanuzzi, executive vice president, all with JLL. The tenant, New York Genome Center, was represented by Barry Gosin, CEO, and Bill Harvey, associate director, with Newmark Grubb Knight Frank, along with Dan Segal, president, with Orchard Real Estate Partners. "Edward J. Minskoff Equities Inc. is in the final stages of a near total renovation of 101 Avenue of the America," said Glickman. "Given its state-of-the-art infrastructure, efficient floor plates and LEED EB certification, the class A office tower was the ideal opportunity for the New York Genome Center's new headquarters space. The organization's new facility will be one of the largest genomic centers in the world, demonstrating Manhattan's evolution as a leader in science and technology." The NYGC will occupy the majority of the second floor of 101 Avenue of the Americas, along with the entire third floor through the seventh floor. The build-out for the $47 million facility is expected to be completed by mid-2013 and will include sequencing, bioinformatics and research labs; an Innovation Center to advance new technologies; and computing infrastructure to handle the processing and storage of massive amounts of new data. The space will also include a ground-floor auditorium and cafe, training facilities and administrative offices. Approximately 248,156 square feet of Class A office space on the eighth floor through the 23rd floor remains available at 101 Avenue of the Americas, which is located in the Hudson Square district between Grand and Watts streets. The building offers floor plates that range from 15,599 square feet on the eighth floor through the 22nd floor to 14,171 square feet on the 23rd floor. Edward J. Minskoff Equities completed construction of 101 Avenue of the Americas in 1992. The office tower was designed by Fox & Fowle Architects, P.C. Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,750 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2011, the New York tri-state team completed approximately 15.9 million square feet in lease transactions, completed capital markets transactions valued at $1.57 billion, managed projects valued at more than $6.8 billion, oversaw a property and facilities management portfolio of 63.6 million square feet, and an agency leasing portfolio of 49.8 million square feet. About the New York Genome Center Founded in August 2010, the New York Genome Center is an independent non-profit that magnifies the expertise and resources of world-class universities, medical centers, technology partners, pharmaceutical companies, and private philanthropists that are engaged in a cooperative effort to transform medical research and clinical care. NYGC's Institutional Founding Members include: Cold Spring Harbor Laboratory, Columbia University, Cornell University/Weill Cornell Medical College, The Jackson Laboratory, Memorial Sloan-Kettering Cancer Center, Mount Sinai Medical Center, NewYork-Presbyterian Hospital, New York University/NYU School of Medicine, North Shore-LIJ Health System, The Rockefeller University, and Stony Brook University. The Hospital for Special Surgery is an Associate Founding Member. About Edward J. Minskoff Equities Inc. Edward J. Minskoff Equities Inc. is a Manhattan-based developer, investor, and manager of Class A office and mixed-use property. It has acquired or developed 590 Madison Avenue, 1325 Avenue of the Americas, 825 Seventh Avenue, 101 Avenue of the Americas, and the mixed-use complex known as 101 Warren Street, 270 Greenwich Avenue, and 89 Murray Street in Manhattan, and the regional headquarters building for the Federal Aviation Administration in Queens. It also owns a number of investment properties including condominium interest at 1166 Avenue of the Americas. Edward J. Minskoff was formerly executive officer and principal at Olympia & York, which developed the 7.5 million square foot World Financial Center and more than 26 million square feet of office space in Manhattan and throughout the country. About Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.