Manhattan, NY JLL has secured a new lease with Transactis Inc. at NOMAD Tower, 1250 Broadway, which is owned by Eyal Ofer’s Global Holdings. The digital billing service signed a lease for 15,356 s/f in the class A, 773,000 s/f office tower as part of its expansion within the building.
Transactis signed a 10-year lease for the entire 34th floor of the tower, which is located in the NoMad area.
JLL’s Paul Glickman and Mitchell Konsker, vice chairmen; with Diana Biasotti, senior vice president; Benjamin Bass, vice president, and Harley Dalton, associate; represented Global Holdings in the transaction.
“Transactis was able to secure a full floor with panoramic views of the city in an amenity-filled tower in a dynamic neighborhood,” Glickman said.
“Global Holdings’ renovation of the building will deliver a remarkable experience to tenants, who will benefit from a new lobby, tenant amenity center and infrastructure while also enjoying area restaurants, entertainment options and transportation access.”
Global Holdings acquired the class-A, 39-story building from Jamestown and renamed the property “NOMAD Tower.” The company has planned an $80 million comprehensive capital improvement program and repositioning effort.
“Love Your Workplace” is the theme behind the planned changes, which will include greatly expanded amenity spaces, including building-provided tenant meeting spaces, additional retail, bike access, tenant fitness opportunities, as well as a complete lobby enhancement and repositioning. NOMAD Tower is exceptionally well connected—within two blocks of 12 subway lines including the 1-2-3-6-B-D-F-M-N-Q-R-W, with direct PATH access, in walking distance to Grand Central and Metro-North, and within one block of Penn Station connecting to the LIRR, Amtrak, NJ TRANSIT and more. NOMAD TOWER is the only full-service Class A tower of its size within the Midtown South/Nomad submarket.
Constructed in 1968 and designed by Shreve Lamb & Harmon, the 39-story NOMAD Tower stands out in the Midtown South submarket, offering unobstructed, 360-degree views on its tower floors. The building is the tallest reinforced concrete building in Manhattan with extensive waffle ceiling details throughout. It features a 150-car indoor parking garage, and achieved LEED Gold and Energy Star Certification. The building is also Wired Certified Gold, offering best-in-class broadband infrastructure, including access to the highest levels of fiber connectivity, support for tenant access and maximum protection against service interruption.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 million square feet.
Eyal Ofer’s Global Holdings Group is a private real estate holding conglomerate that specializes—directly and with strategic partners—in large-scale iconic office buildings, hotels and luxury residential developments, as well as investment and development assets in prime locations across North America, the United Kingdom and Europe. Global’s current portfolio consists of more than 10 million square feet of real estate, comprising over 100 properties and 2,500 hotel rooms. Global’s New York City properties include Class A office buildings such as 120 Park Avenue, 99 Park Avenue, 410 Park Avenue and 875 Third Avenue, and iconic residential developments such as 15 Central Park West, the Greenwich Lane, 18 Gramercy Park and 50 United Nations Plaza.
Global Holdings Management Group exclusively develops, advises and manages the real estate assets of Global Holdings Group.
JLL is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated