Newswire Mann Report

1330 Avenue of the Americas Lands Nearly 40,000SF in Leases

1330 Avenue of the Americas (Rendering courtesy of JLL)

JLL announced today it has leased 39,522 square feet of office space in a series of transactions at 1330 Avenue of the Americas, a boutique 525,000-square-foot Midtown tower owned by a joint venture of Creed Equities, Hakimian Capital, CH Capital Group and Nassimi Realty.

The 40-story tower, featuring rare boutique floorplates of 10,000 to 16,000 square feet along Sixth Avenue, is undergoing strategic renovations by ownership to meet the demands of tenants seeking premium amenities, custom pre-built space and a premier location.

Ownership’s capital improvements will feature an impressive suite of amenities called Club 1330, which will consist of shared conference facilities, a sophisticated tenant lounge, a large café, state-of-the-art golf simulator and dedicated wellness room set to be complete in September.

“We’re thrilled by the recent leasing momentum, which validates our investment to enhance and elevate the property. Our goal is to create a best-in-class experience for tenants, offering the kind of amenities typically reserved for major corporate campuses. This effort has positioned the building to meet the evolving expectations of today’s tenants,” said Michael Hakakian of Creed Equities.

A JLL team led by Executive Managing Director Christine Colley, Managing Director Simon Landmann, Vice Presidents Lance Yasinsky and Thomas Swartz and Vice Chairman Mitch Konsker serves as exclusive leasing agent for the property. The team has completed seven significant transactions:

Prime Finance expanded to 10,400 square feet, taking the entire 25th floor with a new lease extension; York Capital Management renewed its 10,000-square-foot direct lease for five years, with JLL’s Evan Margolin representing the tenant. Pamplona Capital Management relocated from 667 Madison Avenue, leasing 5,243 square feet on the 24th floor, represented by Corrine Neupaur of Tishman Real Estate; MFG Partners extended and expanded to 4,525 square feet on the 26th floor, represented by David Yablon of Katz & Associates; Sellaronda Global renewed its 3,445-square-foot lease for three years, represented by Jonathan Anapol of Prime Manhattan. Apollon Wealth Management renewed its 3,072-square-foot lease for five years, represented by Barry Zeller and Troy Elias of Cushman & Wakefield; General Equities renewed its 2,837-square-foot lease for five years.

“It’s incredibly encouraging to see a spate of renewals and new leases as tenants recognize the value of the building improvements and the power of ownership’s long-term vision,” said Colley. “1330 Avenue of the Americas has established itself as a premier building in the Plaza District.”