JLL completed two new transactions, totaling 9,306 square feet, at 1330 Avenue of the Americas for RXR Realty LLC. QuadReal Property Group LP leased 3,445 square feet and Foresite Capital Management LLC signed for 5,861 square feet at the Class A, 525,000-square-foot boutique office building. 1330 Avenue of the Americas is located on Sixth Avenue between West 53rd and 54th Streets.
The leasing activity demonstrates an increasing demand for new design and amenities in the building. The new prebuilt units were designed by Gensler and feature sleek, modern finishes and new, inventive details such as exposed ceilings and an espresso bar. They will be completed in early 2019. RXR is constructing a conference center in the tower of the building reserved exclusively for tenants. Renovations will also include a pantry/lounge, and four- to six-person and 20-person conference rooms. The building lobby is also being refreshed with new lighting, seating and artwork.
The building owner was represented by Paul Glickman, Cynthia Wasserberger, Kip Orban, Hayley Shoener and Ben Bass of JLL. They worked closely with RXR Realty’s William Elder, Lauren Ferrentino, Alexandra Budd and Jack Hord.
“QuadReal Property Group and Foresite Capital Management are the first two tenants for the new prebuilt units at 1330 Avenue of the Americas,” said Wasserberger. “Both firms were attracted to ownership’s attention to detail with the design and construction of the high-end spaces, as well as the building’s spectacular views of Central Park and Sixth Avenue.”
QuadReal Property Group completed a five-year lease for 3,445 square feet and will occupy a portion of the 34th floor. The Canadian real estate group is opening its first office in Manhattan at 1330 Avenue of the Americas. The tenant was represented by Matt Astrachan, vice chairman, and Harley Dalton, vice president, with JLL.
Foresite Capital Management inked a seven-year deal for 5,861 square feet and will occupy a portion of the 35th floor. The private equity and venture capital firm is relocating to the building from 1345 Avenue of the Americas. The tenant was represented by Chris Mongeluzo, vice chairman, and Justin Pollner, associate, with Newmark Knight Frank.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.
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