
April 25, 2008 -
Shopping Centers
Jones Lang LaSalle (JLL) has completed a transaction for 1285 LLC at 1285 Avenue of the Americas, the UBS Building, with Chop't Creative Salad Co. The food retailer signed a 10-year lease for 2,030 s/f of ground-floor retail space at the 1.7 million s/f class A office building.
The building owner, 1285 LLC, was represented by John Ryan III, managing director, and Edward DiTolla, senior vice president, with JLL's New York office. The tenant, Chop't Creative Salad Company, was represented by Robert Hantgan with Esquire Properties. The 1285 Avenue of the Americas building is located on Sixth Ave. between West 51st St. and West 52nd St.
"Chop't Creative Salad Co. found 1285 Avenue of the Americas to be an ideal location for its third Manhattan store," said Ryan. "The class A office building has a large contingent of office workers, as it is nearly completely leased to large corporate tenants. The company fought off bids from a number of competing retailers to take this space in the building."
Chop't Creative Salad Company was founded in 2001. The company prepares all dressings, salads and salad products fresh every day at each of its locations. It has three existing stores in New York and is opening a store in Washington, D.C.
Jones Lang LaSalle (NYSE: JLL), one of the only real estate money management and services firms named to Forbes magazine's "400 Best Big Companies" for three consecutive years, has approximately 170 offices worldwide and operates in more than 700 cities in over 60 countries. With 2007 revenue of $2.7 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For more information, visit www.joneslanglasalle.com.