Firm to lease, market 40-story, 1.1 MSF LEED Gold-Certified tower
NEW YORK, NY – November 23, 2011 – (RealEstateRama) — Jones Lang LaSalle has been selected by SJP Properties as exclusive leasing agent for 11 Times Square, a 1.1 million-square-foot, LEED Gold-Certified commercial tower situated at the corner of 42nd Street and Eighth Avenue in New York’s Times Square. Jones Lang LaSalle will oversee leasing and marketing for the building’s office space.
The Jones Lang LaSalle team handling the assignment is led by Peter Riguardi, president of Jones Lang LaSalle’s New York region; Paul N. Glickman, Mitchell Konsker and Matthew Astrachan, vice chairmen; Diana Biasotti, senior vice president; and Jonathan Tootell, vice president.
“11 Times Square is among New York City’s most advanced and sophisticated new commercial towers, offering a distinguished address and superior office space at the center of the city’s most concentrated transportation hub,” said Glickman.
11 Times Square offers a variety of availabilities ranging from 3,000 square feet to 6,900 square feet for prebuilt units, to contiguous blocks of up to 280,000 square feet. Currently 428,000 square feet of the building is leased. In January 2011, SJP Properties completed 11 Times Square and opened its doors to global law firm Proskauer, which occupies more than 400,000 square feet. Other tenants include Zukerman Gore Brandeis and Crossman, LLP and Teza Technologies.
The building, which features a spectacular glass lobby entrance off 41st Street, provides users with exceptionally designed space, including large column-free spaces that make for highly efficient floors, seven corner offices per floor, up to 13’ finished ceiling heights, and windows up to 11’ that afford tenants unobstructed views of the Hudson River, Times Square and Midtown Manhattan.
The building was constructed with a significant emphasis on safety. The tower is built around a 24” steel-reinforced concrete core that houses the extra wide stairwells and encases all of the vertical penetrations. The tower’s design allows for prominent exterior building signage around the façade and extensive tenant exclusive terracing on several floors.
Earlier this year, 11 Times Square was awarded LEED Gold-Certification from the U.S. Green Building Council, and has since achieved LEED for Commercial Interiors Silver-Certification for its six pre-built units. As one of the most energy efficient buildings in all of Manhattan, 11 Times Square features significant “green” technology incorporated into every aspect of its design, including an advanced air filtration system that optimizes indoor air quality, and a highly efficient glass curtain wall that effectively reduces heat gain, minimizes thermal loss and decreases heating, cooling and overall utility costs. These systems contribute to a healthier work environment, resulting in fewer sick days and decreased absenteeism among employees.
Tenants and visitors of 11 Times Square benefit from the presence of an on-site subway entrance connecting to 12 subway lines, the Port Authority’s bus terminal and commuter parking lot, and Grand Central Terminal and Pennsylvania Station just one subway stop away. There is also direct access to the neighborhood’s numerous signature restaurants, world-class hotels and entertainment and shopping venues.
“World-class companies today demand advanced, high-performance work environments that deliver the location, energy efficiency and technology advantages of 11 Times Square in order to maintain their competitive edge,” said Steven J. Pozycki, CEO of SJP Properties. “With very few opportunities in Midtown to occupy space in a LEED Gold-Certified, new construction office tower, 11 Times Square appeals to tenants in search of a corporate address that will effectively enhance their business operations through our concierge-level services and the incorporation of leading-edge technology, including high-tech, state-of-the-art elevator dispatch, security and tenant visitor check-in systems.”
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 70 countries from more than 1,000 locations worldwide, including 200 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 $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
About SJP Properties
SJP Properties is a fully integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes and build-to-suit corporate headquarters properties, as well as for individual tenant build-out projects. For 30 years, SJP has sustained an unblemished track record of success having completed every project on time and within budget, and has developed strong relationships with some of the industry’s foremost investors and lenders. For more information on SJP Properties, please call 973-299-9117 or visit www.sjpproperties.com.
Contact:
George Shea, Mark Faris
Company: Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
