Firm to lease, market seven-story, Class A, 780,000-SF office building
NEW YORK, NY – April 13, 2011 – (RealEstateRama) — Jones Lang LaSalle has been selected by CF 620 Owner One LLC as exclusive leasing agent for 620 Avenue of the Americas, also known as 45 West 18th Street. The company will be responsible for commercial office leasing and marketing efforts at the Class A, 780,000-square-foot mixed-use building.
The Jones Lang LaSalle team overseeing the leasing assignment at 620 Avenue of the Americas is led by Mitchell Konsker and Matthew Astrachan, vice chairmen, and includes Jonathan Tootell, vice president.
“Located in Chelsea, 620 Avenue of the Americas has some of the most creative and spectacular office space in the market,” said Konsker. “The property has a 150,000-square-foot block of contiguous office space on the sixth and seventh floors, featuring branding and identity rights for a large tenant. While both spaces offer fantastic views and ceiling heights that range from 14 feet to 25 feet, the natural light on the seventh floor is enhanced by numerous built-in skylights.”
The seven-story, 780,000-square-foot 620 Avenue of the Americas is located between West 18th and West 19th streets in Manhattan’s Chelsea District. The sixth floor, which has a total of 83,886 square feet of office space available for lease, is in move-in condition and offers a creative installation with exposed ceilings and an open-plan layout.
CF 620 Owner One LLC recently demolished the entire seventh floor of the building and is offering tenants a cash contribution towards work or a turnkey installation. The seventh floor totals 65,700 square feet of open, airy space that includes the ability to construct multiple terraces with spectacular views for tenant use.
“The available space provides a large user the combined benefit of extremely efficient space on the sixth floor, coupled with the extraordinary attributes of the seventh floor,” said Astrachan. He noted the building is anchored by a strong tenant base that includes Nike Inc./Cole Haan and the New York metro chapter of 32BJ, an affiliate of Service Employees International Union.
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
Contact:
George Shea, Mark Faris
Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
