JLL has completed the lease-up of Zero Irving, the newly-developed mixed-use building at 124 East 14th St. in Manhattan’s Union Square neighborhood, securing a 12,455-square-foot, full-floor lease with Senator Investment Group, an investment firm founded in 2008.
Senator will relocate from 510 Madison Ave. to occupy the entire 20th floor of Zero Irving in Q1 2025.
The transaction brings the 270,000-square-foot office tower to full occupancy less than two years after completion of the 21-story property. Zero Irving was developed by RAL Development Services and JRE Partners (successor to Junius Real Estate Partners) in response to a New York City Economic Development Corporation competitive RFP process. The joint venture partners invested over $200 million into the development to establish a market-leading innovation hub designed to provide a home for fast-growing technology companies and leading financial investment firms.
JLL Vice Chairman Mitchell Konsker, Executive Managing Directors Benjamin Bass and Dan Turkewitz, Senior Vice Presidents Kristen Morgan and Carlee Palmer represented ownership in the lease with Senator Investment Group. The tenant was represented by Ben Friedland, Silvio Petrillo and Joseph D’Apice from CBRE.
Zero Irving has a 6,300-square-foot, tenant-only rooftop Sky Lounge that overlooks Union Square, Irving Place and the Manhattan skyline, a tenant-only fitness center with lockers and showers, bike room, impactful double-height spaces on alternating floors, private outdoor terraces throughout the building, cutting edge infrastructure and LEED Gold certification.
“Zero Irving delivers on the city’s vision of a 21st century office building, providing NYC jobs, a technology hub and market-leading tenant ecosystem,” said Robert Levine, RAL’s chairman and CEO. “It’s an example of how public and private organizations can work together to create exceptional outcomes.”
