News: Brokerage

JLL completes three leases totaling 12,365 s/f

Jones Lang LaSalle (JLL) has completed three new leases totaling 12,365 s/f for CWCapital Asset Management at 1330 Avenue of the Americas. Advanced Portfolio Management signed for 4,485 s/f, Robert Wood Johnson Foundation took 4,705 s/f and Beacon Light Capital LLC leased 3,175 s/f at the 534,222 s/f office building. CWCapital was represented by Frank Doyle, international director, Cynthia Wasserberger, managing director, and David Kleiner, senior VP, all with JLL. Advanced Portfolio was represented by Jeffrey Kilimnick, senior VP, and Bernard Weitzman, first VP, of CBRE. Robert Wood Johnson Foundation was represented by Gordon Ogden, principal, with Byrnam Wood. Beacon Light Capital was represented by Benjamin Friedland, senior VP, and Michael Movshovich, associate, with CBRE. "This building is the pre-eminent boutique office property on Sixth Avenue," said Doyle. "All three tenants took advantage of a unique opportunity to obtain top-quality office space with terrific views of Central Park from the upper floors and the Sixth Ave. streetscape from the lower floors." Advanced Portfolio Management signed a 10-year lease and will occupy a portion of the 36th floor at 1330 Avenue of the Americas. Robert Wood Johnson Foundation inked a 10-year lease and will occupy a portion of the sixth floor. Beacon Light Capital, which will also occupy a portion of the sixth floor, signed a three-year lease. The 40-story, class A office building, which was constructed in 1965, is located on Sixth Ave. between West 53rd and West 54th Sts. Existing office tenants at the building include Pearson, Harry Winston, Silvercrest Asset Management Group, and Stein Roe Investment Counsel LLC.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing