JLL announced that it represented Gresham Investment Management in a relocation to 19 Union Square West, a 12-story office building in Midtown South owned by 17-19 Associates LLC.
A subsidiary of Nuveen Investments, the hedge fund manager will relocate from 257 Park Ave. South to occupy the entire 9,233-square-foot 11th floor of the property. The space was previously occupied by IBM, which is consolidating its New York City workforce at One Madison Ave.
Ownership will refurbish the space ahead of Gresham’s arrival in Q3 2024 to highlight its Union Square Park views and high ceilings, while reconfiguring the layout to accommodate individual offices and installing new bathrooms.
Gresham Investment Management was represented by JLL Managing Director Scott Vinett and Chris Joyner of Fischer Corporate Real Estate. Ownership was represented by ABS Real Estate Partner Ben Waller and Executive Managing Director James Caseley.
“19 Union Square West presented Gresham with an opportunity to secure elevated office space in a vibrant, commuter-friendly location,” said Vinett. “The building offers beautiful views of the park, has great light and air and is well located for transportation, providing an ideal environment for tenants.”
Originally constructed in 1911, 19 Union Square is a 12-story 121,548-square-foot office and retail building situated on the corner of East 15th Street and Union Square.
